Crypto angle: Chip-stock rally lifts Nasdaq futures, BTC slips

US stock index futures rose as semiconductor stocks extended an AI-led rally. Dow futures gained 0.2%, S&P 500 futures rose 0.4%, and Nasdaq 100 futures jumped 0.7%, with Nvidia, AMD and Broadcom leading gains. The semiconductor surge is being tied to accelerating AI spending. Cloud providers are expanding capital expenditure for AI infrastructure, keeping demand elevated for data-center chips and related networking. Nvidia remains dominant in GPUs, while AMD is benefiting from data-center CPUs and accelerators and Broadcom from networking and custom chips. Key numbers cited: AMD shares have swung sharply (more than +6% on some sessions and -7% on others) and are up roughly 130% year-to-date as of June 2026. The iShares Semiconductor ETF (SOXX) surged more than 8% on rebound days in June, and the Philadelphia Semiconductor Index is up about 60–80% year-to-date through early June. The Dow also reached record closing levels above 52,000. Crypto implication: this momentum reshaped relative capital flows. Bitcoin fell to 13th-largest by market capitalization as semiconductor valuations surged, a notable rotation away from crypto risk. The article also notes mixed US closes beforehand, suggesting sector rotation rather than a fully uniform equity rally. For traders, this reads as a risk-on-but-selective tape: equities are in an AI/semis upswing, while crypto—specifically BTC—can lag during strong tech-equity leadership. Monitoring cross-asset correlation and whether the outperformance broadens beyond chips will matter for short-term momentum and long-term positioning in crypto.