BIS: AI May Face Four Long-Term Development Paths, Insufficient Demand Could Become Key Factor Limiting Growth

Hyperinsight’s monitoring shows that South Korea’s semiconductor sector rebounded in the afternoon. The previously-feared 2,000 trillion won investment plan was ultimately realized as a semiconductor project worth around 800 trillion won (approx. $518 billion). This is likely because capital expenditure pressure fell short of some market participants’ expectations, leading to eased risk aversion and narrowed losses. On Hyperliquid, SK Hynix (1H) rebounded by 4.5% at one point, currently quoted at $1,730; Samsung Electronics rose 2%, currently at $214. Currently, the average entry price of long positions for large holders of the two on-chain assets is $1,608 and $217.3 respectively, with Samsung Electronics trading below the moving average of long-position whales.

Crypto Quant analyst Darkfost noted in a post that as Bitcoin recently dipped below $60,000 again, a large number of investors have transferred their Bitcoin to exchanges. Data shows more than 220,000 BTC flowed into deposit addresses linked to Binance’s hot wallet, and over 330,000 BTC entered OKX-related deposit addresses, totaling over 550,000 BTC—marking the largest such inflow this year and the highest level since the 2023 bear market. Typically, when users plan to sell Bitcoin, they first transfer funds to deposit addresses before aggregating them into the exchange’s operational wallet. As such, this massive inflow reflects panic among some investors after Bitcoin tested the $60,000 threshold, with increased potential selling pressure. However, the data does not mean all these BTC have been sold; it only signals a rise in exchanges’ selling willingness.

SK Group Chairman Choi Tae-won: Even if SK Hynix speeds up its factory construction, memory shortages will persist. (Jinshi)

According to Hyperinsight’s monitoring, BlackBerry (BB) has continued to attract capital inflows, rising 40% cumulatively over the past seven days and 270% since its early April low. On Hyperliquid, BB is currently priced at $11.6, up 3.4% intraday. A trader with the wallet address starting with 0xa5fd has maintained a 10x long position on BB’s contract since the first day it was listed on trade.xyz (32 days ago). The trader allocated $58,000 to build the position, which now has an unrealized profit of $186,000, representing a return of approximately 318%. The average entry price was $8.8, with the position size totaling $770,000. Additional notes: In recent years, BlackBerry has completed its transition to a software-centric business, with its core product—the QNX real-time operating system—widely applied in smart vehicles, autonomous driving, robotics and other fields. The recent sharp rally in its stock is mainly driven by factors including the market’s revaluation of its Physical AI concept, sustained growth of the QNX business, better-than-expected Q1 results, and an upward revision to its full-year earnings guidance. BlackBerry was once a global leader in business smartphones. After its mobile phone business declined, it gained renewed attention during the 2021 U.S. retail investor vs. Wall Street meme stock craze. There remains market division over this latest rally: some hold that its improving fundamentals provide support, while others view it as a resurgence of meme stock momentum.

According to on-chain analyst Ai Yi (X handle @ai_9684xtpa), Solana meme coin ANSEM has surged nearly 600 times in the three days since its launch, with its market capitalization quickly exceeding $100 million. Over the past 24 hours, a total of 12 addresses have cumulatively invested $1.985 million to establish new positions in ANSEM (only counting addresses with single buy transactions of over $100,000), further pushing up the token's price.

The South Korean government today unveiled its latest industrial plan, with President Lee Jae-myung stating that South Korea must promptly advance the construction of chip production facilities, as existing industrial parks are approaching their carrying limits in terms of water resources and infrastructure. Going forward, the country will focus on expanding semiconductor supply capacity through investments in its southwestern region. Under the plan, South Korea plans to build four chip manufacturing plants in the southwestern region, with a total investment of about 800 trillion won, and aims to invest at least 30 trillion won in semiconductor fields including next-generation memory, edge AI, and defense over the next 15 years. Additionally, the chip packaging cluster in the Chungcheong region is projected to receive an investment of 81 trillion won, AI data center construction is expected to draw around 550 trillion won, new industrial projects in the southwestern region will see investments ranging from 5 trillion to 20 trillion won, and the overall project scale in Gwangju and Jeolla regions could reach up to 520 trillion won. The South Korean government also stated its goal of doubling DRAM production capacity within the next five years and increasing South Korea’s share of the global humanoid robot market. Officials project that the global memory chip market will grow approximately fourfold over the next five years. In reaction to the news, the Korea Composite Stock Price Index (KOSPI) turned from negative to positive in the afternoon, after falling more than 3% at one point during the session.