AI semiconductor sector cools down, Bitcoin rebounds above $61000

According to CoinDesk, the AI storage and semiconductor sectors have recently cooled down, with Bitcoin rebounding from its stage low to above $61000. The momentum of individual stocks such as SanDisk and Micron has weakened, with DRAM ETFs falling about 25% from their mid June highs and SMH falling about 12%. The market is showing initial signs of internal rebalancing of risk assets.