The AI Boom, Bitcoin’s Resilience, and the Market Setup Nobody Is Seeing
Monday Market Open: What Matters Most
The market enters Monday after one of the most violent tech selloffs in over a year.
The biggest story is not Bitcoin.
The biggest story is that the AI trade finally experienced a major correction.
What Happened Friday?
Nasdaq
- Down 4.2%
- Worst session in roughly 14 months
- Record point decline
- $1.8 trillion wiped from U.S. equities
Semiconductors
The SOX Semiconductor Index:
- Down 10.3%
- Worst day since March 2020
Biggest Casualties
- Micron (MU): -13%
- Marvell (MRVL): -17%
- AMD: -11%
- Intel: -11%
- Broadcom (AVGO): -8%
- Nvidia (NVDA): -6%
Why Did It Happen?
1. Strong Jobs Report
Normally strong employment is good.
This time it wasn’t.
The market interpreted strong jobs as:
- Inflation stays elevated
- Fed stays restrictive
- Rate cuts delayed
- Bond yields rise
That is bad for high-valuation AI stocks.
2. AI Trade Was Extremely Crowded
You had:
- Nvidia
- Marvell
- Broadcom
- Micron
- Astera Labs
- Credo
running nearly straight up.
Everyone was on the same side of the boat.
Friday looked like a classic “crowded trade unwind.”
3. Broadcom Triggered Profit Taking
Broadcom posted strong numbers.
The problem?
Investors wanted extraordinary numbers.
AI revenue grew massively, but management didn’t significantly raise future guidance.
That gave traders an excuse to take profits.
What About Bitcoin?
Bitcoin briefly broke below $60,000 and hit its lowest level since late 2024.
The selling was driven by:
- Risk-off sentiment
- AI stock liquidation
- Macro concerns
- Strategy (MSTR) Bitcoin sale headlines
- Iran tensions
Yet Bitcoin is actually holding up surprisingly well considering the environment.
This is something I’ve been emphasizing.
If Bitcoin can survive:
- AI selloff
- Oil concerns
- Higher yields
- Inflation fears
- Geopolitical tension
then the longer-term bull thesis remains intact.
What Happens Monday?
Bullish Scenario
Relief Bounce
The market realizes Friday was excessive.
Semis bounce.
AI stocks recover.
Bitcoin rebounds.
This is my highest-probability scenario.
Not a new bull leg.
Just a relief rally.
Neutral Scenario
Markets stabilize.
- Nasdaq flat
- AI stocks mixed
- Bitcoin consolidates
This would actually be healthy.
Bearish Scenario
Yields continue rising.
AI stocks keep unwinding.
Bitcoin tests lower levels.
Possible:
- Bitcoin $56k-$58k
- Nasdaq down another 2-3%
Currently lower probability but possible.
Stocks I’m Watching Closely
Marvell Technology
Bull case:
- S&P 500 inclusion June 22
- AI custom chips
- Jensen Huang’s endorsement
- Massive institutional buying coming from index funds
My view:
The story is still intact.
The stock just got way ahead of itself.
Micron Technology
The HBM memory story hasn’t changed.
AI servers still need memory.
Demand still exists.
The question is timing.
A 13% drop in one day looks more like profit-taking than thesis destruction.
Broadcom
Still arguably the highest-quality AI infrastructure company.
What changed?
Nothing fundamental.
Valuation got ahead of expectations.
NVIDIA
Still king.
Every AI infrastructure roadmap still runs through Nvidia.
The long-term thesis remains intact.
My Crypto Outlook
Bullish
- Bitcoin survives $60k area
- ETF flows stabilize
- Q3 recovery
Most Bullish Sector
AI Crypto
Examples:
- Bittensor
- Near Protocol
- Render
- Artificial Superintelligence Alliance
The AI narrative is still the strongest narrative in both stocks and crypto.
My Read for Monday
Stocks
🟡 Slightly bullish
A relief bounce is likely after Friday’s extreme selling.
Bitcoin
🟡 Neutral to slightly bullish
I would not be surprised to see:
- $60k hold
- bounce toward $63k-$65k
AI Stocks
🟢 Long-term bullish
Friday felt more like:
- profit taking
- crowded trade unwind
rather than the end of the AI boom.
Biggest Theme Going Forward
The market is transitioning from:
“Buy anything AI”
to
“Buy the highest-quality AI winners.”
That is actually bullish for names like:
- Nvidia
- Broadcom
- Marvell
- Micron
- Hyperliquid
- Bittensor
- NEAR
The easy money phase may be ending, but the AI supercycle itself appears far from over.
Would You Rather…
📈 Own Nvidia, Broadcom, and Marvell
OR
₿ Own Bitcoin, Ethereum, and Solana?
One side is powering the AI revolution.
The other is building the future of money and decentralized networks.
Which portfolio do you believe will create more wealth over the next 5 years?
Vote, debate, and see what the crowd thinks at:
📺 https://www.youtube.com/@PersonalityPolls
#Bitcoin #Ethereum #Solana #Nvidia #Broadcom #Marvell #AI #Crypto #Investing #WouldYouRather #Normie
