Serenity@aleabitoredditPost2026-06-25

The author notes a broad sell-off across many sectors (photonics, space, software, crypto)

The author notes a broad sell-off across many sectors (photonics, space, software, crypto) while memory and some large-cap semis hold up. They attribute it to margin liquidations and a hawkish Fed but remain personally bullish on AI capex beneficiaries over the long term.

“Feels like the only thing that hasn’t crashed… Is memory like $MU, indexes, or large cap semis like Intel so far. - Photonics from $AXTI to $SIVE down 40%. - Space from $ASTS and $RKLB down 40% 1M. - Popular AI names like $PLTR is down ~35% YTD. - Software like $CRM down -40%. - Bitcoin sub <60k, Ethereum sub <$16k. Not a fun time with a hawkish fed narrative and potential rate hikes. However this does sorta feel overshot due to margin liquidations on less liquid assets compared to mega caps. But we’ll see what happens, usually fundamentals override liquidity shock in the longer run. I’m still personally bullish on the AI buildout + upstream AI capex beneficiaries, but 1-2 potential rate hikes certainly don’t help.”