Nvidia stock dropped 2.4% after briefly hitting a $4 trillion market cap, raising concerns about AI capex sustainability with implications for AI tokens and

AI chip stocks lost over $1 trillion in market value in July 2026 as custom silicon from OpenAI, Amazon, and Cerebras challenges Nvidia's GPU dominance.

A SK Hynix production slowdown report triggered a global chipmaker selloff, dropping the Nasdaq 100 nearly 3% and pushing Bitcoin toward $63K.