We are witnessing powerful long-term trends — the explosive growth of artificial intelligence infrastructure and sustained demand for bitcoin. However, as practice shows, even the strongest fundamental drivers do not negate market cyclicality and inevitable corrections.
Let's look at a few striking examples. Giants like Amazon, Google, and SpaceX are actively investing in AI, creating enormous demand for specialized chips. Memory and processor manufacturers such as Micron Technology surged 700% in a year, while Sandisk even showed growth of over 4000%. SK Hynix raised $26.5 billion through a US listing, one of the largest offerings in the sector. Yet, after such impressive rallies, the stocks of these companies faced a significant pullback. This is a classic example of euphoria giving way to sobriety.
A similar picture is observed in the cryptocurrency space. Strategy, the largest corporate holder of bitcoin, lost about 80% of its market capitalization after reaching peak values. Its premium to the value of bitcoin reserves shrank almost to the level of net asset value (NAV). Even the precious metals market is not immune to sharp movements: silver, after showing steady growth in January 2026, then collapsed by nearly 50%.
These examples highlight a fundamental principle: any asset, regardless of the strength of the trend supporting it, is subject to cyclical fluctuations. Investors often confuse long-term potential with a guarantee of continuous growth, which leads to painful corrections.
My expert conclusion: In the current market environment, where the hype around AI and the maturity of the cryptocurrency market intertwine, the key skill becomes the ability to distinguish structural changes from temporary noise. Even the most promising trends — whether AI chips or institutional adoption of bitcoin — do not eliminate the need for sound risk management and readiness for corrections of 50-80%. The market will always find a way to remind investors of its cyclical nature.