According to BlockBeats, on July 30, SanDisk's stock price fell below $1,000 during trading, down 8.4% on the day and more than 50% in the past month, according to BIT (bit.com) data.

According to BlockBeats, on July 30, Coinbase announced that it will list Grvt (GRVT). Users can currently generate GRVT deposit addresses on the Coinbase website, app, and in supported regions of Coinbase Exchange. However, the deposit function will be available after the project team unlocks token transfers.

According to BlockBeats, on July 30th, Bank of America released a report stating that there are seven persistent risks associated with AI and semiconductor stocks, as follows:

Hardware has become a "tourist market," with even medical bus tours discussing SNDK. Those who bought MU late may still face a shakeout, while sharp daily fluctuations are forcing even staunch bulls to sell.

2. Good news is no longer effective. Even with strong earnings reports, TSM, ASML, and INTC saw their stock prices fall, with intraday rebounds consistently met with selling pressure. Reduced capital expenditures by hyperscale manufacturers will hurt AI suppliers, while increased expenditures will strain free cash flow, and financing concerns are also emerging. Ordinary better-than-expected results may no longer be enough.

3. Investors are bearish on AI labs but remain bullish on their infrastructure. Spending by OpenAI and Anthropic is embedded in vendor backlogs and financial data. Open-source weighted models may eventually increase computing power demands, but the transition is unlikely to be smooth.

4. Token deflation is a double-edged sword. Cheaper tokens can accelerate adoption, but they also compress lab profits and exacerbate hardware and power optimization. More computing power does not automatically mean more profit for each provider.

5. Memory valuations may need to be revised downwards. Simply lowering the valuation multiple may not be enough. Stocks that appear cheap based on unrevised estimates may not actually be cheap.

6. Credit has entered the stock market debate. Financing the entire ecosystem has become a "trillion-dollar game of chicken."

7. The continued adjustment of stocks in this sector may be due to adjustments in holdings and factors, rather than a single fundamental breakdown. Investors will later apply open-source models, ROI, financing, and optimization narratives to price movements.