Is the AI Bull Market's Real Challenger the Fed? Wall Street Warns Rate Hike Will Be Market's Biggest Test
June 8 — Robust May U.S. non-farm payroll data has fueled Federal Reserve rate hike bets, and Wall Street is warning the current AI-driven bull market could get taken down not by deteriorating fundamentals, but by soaring funding costs.
On Friday, U.S. employers added 172,000 jobs in May, far exceeding market forecasts. That triggered bets the Fed will raise interest rates later this year, sparking a sharp tech selloff: The Nasdaq Composite tumbled more than 4% in one session, while the Philadelphia Semiconductor Index plunged 10% — its largest single-day drop since 2020. All told, U.S. equities erased roughly $2 trillion in total market value that day.
Multiple risk gauges are also flashing red. Goldman Sachs projects that combined AI capital spending from Meta, Microsoft, Amazon and Alphabet will hit $5.3 trillion between 2025 and 2030. Citigroup’s Global Bear Market Warning System has 10 indicators at the danger threshold — the highest reading since the 2008 financial crisis.
The
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MicroWell's stock price soared over 14%, leading the US stock market's optical communications sector.
On June 8, data from Bitget showed that the U.S. stock optoelectronics sector rose broadly, with POET up 8.68%, LITE gaining 3.82%, II-VI Technologies jumping 14.49%, Nokia advancing 3.48%, and Corning climbing 6.54%.
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Storage Sector Surges, Micron Technology Up Over 10%, Pat Gelsinger States Shortage of Memory Chips Will Persist for Years
June 8 – U.S. storage semiconductor stocks rallied sharply, according to market data from crypto exchange Bitget. Micron Technology (MU) led the group with a 10.24% gain, followed by SanDisk (SNDK) rising 7.28%, Western Digital (WDC) adding 3.45%, and Seagate Technology (STX) climbing 4.82%.
In the tokenized crypto contract market, SK Hynix’s perpetual contracts surged 4.65% in the past 24 hours, while Samsung’s perpetual contracts jumped 5.44% over the same period.
The positive momentum ties to key news from June 7: During his visit to Seoul, South Korea, NVIDIA CEO Jensen Huang stated that the tight global supply of memory chips will persist for several years. The shortage spans the entire supply chain—from upstream wafer manufacturing and advanced packaging to silicon photonics modules—where demand consistently outstrips supply. Huang attributed the deficit to sustained, unabated high demand for AI-related applications, with no signs of easing.
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A certain whale has sold nearly 83,000 HYPE tokens, realizing a profit of approximately $2.06 million.
June 8: According to OnchainLens monitoring, a crypto whale sold all 82,928 HYPE tokens at an average price of $64.34, generating roughly $5.33 million in total value and realizing an approximate profit of $2.06 million.
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The crypto market continues to rebound, with Ethereum breaking above $1,700 and Bitcoin rising above $64,000.
June 8 – According to HTX market data, the cryptocurrency market extended its rebound after U.S. stock markets opened today. Ethereum crossed above $1,700, notching a 4.79% gain in the past 24 hours. Bitcoin bounced back above $64,000, adding 3.78% over the same period. Solana (SOL) rose to above $67, climbing 4.44% in 24 hours.
Turning to crypto-linked stocks: MicroStrategy (MSTR) surged 6.87%, Coinbase Global (COIN) climbed 6.12%, Circle Internet Financial (CRCL) rose 4.04%, DraftKings (SBET) gained 8.67%, Bit Mining (BMNR) advanced 8.30%, Robinhood Markets (HOOD) was up 3.15%, and HYPE Treasury’s PURR rose 6.39%.
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$500 million Entry, $1.3 billion Fire Sale, now worth $77.2 billion, the AI powerhouse SBF once bet on can now "fill" 10 FTXs
June 8. As SBF officially filed a pardon request with U.S. President Trump today, a figure continues to linger in the minds of all insiders not behind bars: the stake he bought using client funds on the eve of the AI explosion is now valued at roughly $77.2 billion on today’s books—nearly 10 times the size of FTX’s bankruptcy that year.
Back in April 2022, “large language model” was still a niche concept in academic circles. SBF led a $500 million investment in Anthropic’s Series B round via his firm Alameda Research, taking 86% of the round’s shares and securing roughly 8% equity in the startup. At the time, Anthropic was valued at just $25 billion. Seven months later, FTX imploded.
In hindsight, the receivership legal team’s moves looked like a cutthroat fire sale. In 2024, the bankruptcy liquidator offloaded this 8% stake in two batches, netting a total of roughly $1.3 billion. Buyers included Abu Dhabi’s sovereign wealth fund Mubadala and Jane Street, SBF’s former employer—a bitt
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