Semiconductors vs crypto this week told the same story from two angles.
u/OpticAlpha8 ·
Reddit — r/options
· June 06, 2026 at 12:02
· ⬆ 15 pts
· 💬 19 comments
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Semiconductors vs crypto this week told the same story from two angles.
SOX -10.3% Friday. Nasdaq -4.18%. Worst chip session since March 2020. Nvidia -6.2%, Micron -13.25%, Marvell -16.74%. The sector lost $1.3 trillion in two sessions after Broadcom reiterated rather than raised AI chip guidance, then NFP came in at 172,000 vs 85,000 expected, sending yields sharply higher.
Crypto fear and greed: 12. Bitcoin at $61,252, down 3.22% on the day. ETF outflows continuing. Perpetual positioning heavily short.
The divergence that looked like "equities greed vs crypto fear" all week resolved Friday into a single macro read: the AI chip upgrade cycle may be decelerating, yields are rising, and the Fed is going nowhere. VIX at 21.51, first close above 20 since April.
FOMC meets June 16-17. CME FedWatch: 98.7% hold probability. June 10 CPI is the last major input before Warsh's first dot plot. That is the event that resets positioning for the second half of 2026.