Wall Street banks split on chip stocks as the SOX drops 20% from its peak following a 105% AI-driven rally. Here's what it means for crypto too.

The PHLX Semiconductor Index fell nearly 20%, erasing $1.5 trillion in value. Analysts watch Bitcoin ETF inflows for signs of capital rotation into crypto.

As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the…