Crypto Playbook Invades Wall Street's AI Territory

Crypto traders are targeting AI stocks on Wall Street, mimicking their 24/7 playbook. This trend is seen in the performance of SK Hynix, which was listed on the Nasdaq MarketSite in New York on July 10.

Rahul Patel, a crypto founder who trades his own money, spent nights two years ago trying to sell internet jokes with billion-dollar market caps before their value dropped. He would hold trades overnight and wake up to find the party had moved on.

Patel's strategy is now being applied to Wall Street AI stocks. This shift in focus could pose a threat to traditional investors who are used to a more predictable market.