As Bitcoin and gold markets cool down, investor funds are rapidly rotating into AI infrastructure, storage, and semiconductor-related stocks.
Data shows that market attention and capital flows have clearly shifted from cryptocurrencies to high-growth technology sectors. Bitcoin, starting from a low of around $15,000 in November 2022, hit a high of approximately $126,000 in October 2025, achieving a cumulative increase of over 650%. Gold followed suit, breaking through $2,000 per ounce in early 2024, rising to a high of $5,200 per ounce in February 2026, before retreating to below $4,400.
AI leader NVIDIA (NVDA) also experienced a short-term peak and subsequent pullback, currently trading slightly above its six-month average. The capital frenzy has clearly shifted towards storage and semiconductor companies, such as SanDisk and Micron Technology. Micron's market capitalization surged from $7 billion to $1 trillion within a year, highlighting hot money's aggressive pursuit of growth sectors.
Looking ahead, with potential large-scale IPOs from companies like SpaceX, OpenAI, and Anthropic on the horizon, investor attention may shift again towards emerging tech giants. Historical experience suggests that market hot money tends to chase the latest "bright spots," and Bitcoin and crypto assets could be sidelined in a new bull market, with this trend potentially lasting longer than expected. (CoinDesk)