R&D of AI chips and memory shortages drive up computing costs (Issue 1 · Week 28, 2026)

01Event Overview

On July 7, AI-related stocks in the U.S. market saw widespread gains, with Arista Networks rising by over 8.31%, helping push the Nasdaq up by 1.12%. Earlier, on July 2, market sentiment weakened as leading AI companies like Dell declined before the opening, but Meta’s stock surged by 9.14% ahead of trading, triggering the liquidation of long positions held by Whales. On July 3, Binance added 15 more bStocks, including NVIDIA, as collateral assets, further linking traditional tech stocks to the crypto market. The market sentiment index soared from 14.2 points to 50.1 points amid intense fluctuations, with KOL opinions shifting sharply toward optimism, and the gap between bulls and bears expanding by 85.0 percentage points.

02Course of the incident

• [07-01] U.S. AI-related stocks generally rose, with Ambarella’s share price surging by 28.04%. The Nasdaq closed up 1.52%, while the fear index dropped by 10.65%.
• [07-01] MGBX announced that it would enable spot trading for Meta, Lumentum, and Microsoft starting July 1, 2026, with deposit and withdrawal functions being rolled out in phases.
• [07-02] Before market open, AI-related stocks generally fell, with Dell dropping 2.79% and AMD falling 1.76%, indicating weakening market sentiment.
• [07-02] Meta’s share price rose 9.14% before market open, leading to the settlement of a $3 million short position held by a Whale. Trading volume for META contracts on Hyperliquid exceeded $83 million.
• [07-03] Binance added 15 new bStocks as collateral assets, including those related to Tesla and NVIDIA, available only for users at VIP3 level or above.
• [07-07] U.S. AI-related stocks generally rose, with Arista Networks gaining over 8.31%. The Nasdaq closed up 1.12%, while stocks such as AMD and CoreWeave each saw gains of over 5%.

03Impact Analysis

Impact Analysis

Market Price Dimension Fluctuations in the traditional AI hardware sector directly reflect sentiment in the crypto market. On 07-07, the Nasdaq rose by 1.12%, with Arista Networks surging over 8.31% and both AMD and CoreWeave gaining more than 5%, indicating strong demand for computing power that supports asset prices. Previously, on 07-01, the Nasdaq climbed 1.52%, Ambarella’s stock price soared by 28.04%, while the fear index dropped by 10.65%, suggesting an optimistic market attitude toward rising AI computing costs. However, sentiment weakened ahead of trading on 07-02, with Dell falling 2.79% and AMD dropping 1.76%, indicating short-term pressure for price corrections. Derivatives markets saw significant volatility; on 07-02, Meta’s stock price rose 9.14% ahead of trading, leading to the liquidation of $3 million in short positions on Hyperliquid, with short positions at around 1.76 times the size of long positions at that time.

Regulatory Response Dimension Exchanges are indirectly responding to the convergence trend between traditional tech stocks and the crypto market by adjusting asset eligibility criteria. On 07-03, Binance added 15 new bStocks as collateral assets, including those related to NVIDIA, but these are only available to users at VIP3 level or above and do not support borrowing at this time. On the same day, Binance explicitly listed 15 new bStocks tokens as collateral, again restricting access to VIP3 users and excluding lending functions, demonstrating that institutions adopt cautious risk management strategies when introducing highly volatile tech stock RWA.

Ecosystem Impact Dimension Rising AI computing costs are accelerating the expansion of the RWA sector and speeding up the tokenization of assets held by traditional tech giants. On 07-01, MSX launched multiple RWA tokens based on tech stocks, which, combined with the performance of stocks like Ambarella, enhanced the liquidity of computing power-related assets on the blockchain. On 07-01, MGBX announced that it would enable spot trading for Meta, Lumentum, and Microsoft starting July 1, 2026, with deposit and withdrawal functions being rolled out in phases, signaling that assets related to computing infrastructure will become increasingly integrated into the crypto trading ecosystem in the future.

04Key points to watch going forward

1. Volatility in the U.S. stock AI sector: If the Nasdaq drops by more than 1.12% in a single day, or leading stocks such as Ambarella fall by over 28.04% in one day, it may indicate that the rationale supporting high computing costs could be weakened.
2. Derivatives liquidation risks: Monitor the short position sizes of META contracts on Hyperliquid. If the short position multiple remains above 1.76 times alongside rising prices, be alert to potential chain reactions triggered by the liquidation of Whale’s short positions.
3. Liquidity of RWA assets: Pay attention to the actual trading volumes of Meta, Microsoft, and other assets on platforms like MGBX after their spot trading becomes available. Significant delays in deposit and withdrawal functions during phased rollouts might affect the efficiency of capital flow.
4. Collateral eligibility restrictions: Keep an eye on the usage of margin collateral on Binance’s bStocks. If VIP3 and higher users face limited leverage due to the absence of borrowing features for now, it could dampen trading activity in related assets.

05Related Reads

1. “U.S. AI-related stocks surge overall, with Arista Networks rising by over 8.31%”
2. “Meta’s stock rises 9.14% pre-market, forcing a Whale to close out a $3 million short position”
3. “Binance adds 15 new bStocks as collateral assets”
4. “U.S. AI-related stocks rise broadly, with Ambarella’s stock soaring 28.04%”
5. “MGBX launches spot trading for three assets including Meta on July 1”
6. “AI-related stocks fall pre-market, with Dell dropping 2.79%”
7. “Binance adds 15 new bStocks tokens as collateral items”