This week, AI-related stocks are behaving more like memecoins than traditional equities, with wild price swings driven by retail speculation. Meanwhile, Bitcoin's price is barely moving, stuck in a low-volatility range. And Coldcard has issued a security warning for its hardware wallet users, though details remain scarce.
AI stocks go full memecoin
Names like C3.ai and Palantir have seen double-digit percentage swings in single sessions, fueled by social media chatter and options flow. The volatility rivals what you'd see from Dogecoin or Shiba Inu — not exactly the profile of a sector that's supposed to be building the future. One trader described the action as “pure gambling,” though the facts don't name that trader. The moves have little to do with earnings or product news. It's momentum, plain and simple.
Bitcoin goes quiet
Bitcoin, by contrast, is barely budging. The price has been trading in a narrow range for days, with no clear catalyst to break it out. For an asset that's often pitched as a volatility hedge or a high-beta play, the current sideways grind is notable. Some traders are calling it boring. Others are waiting for a spark — a rate decision, a regulatory move, something. For now, BTC is just sitting there.
Coldcard warns users
Coldcard, the hardware wallet maker known for its security focus, issued a warning this week. The company didn't provide many details — the alert mentions a potential vulnerability but stops short of saying it's been exploited. Users are being told to update firmware and stay vigilant. It's not the first time a hardware wallet has faced scrutiny, but Coldcard's reputation for paranoia means the warning carries weight. Expect more information to come out in the next few days.
The coming days will show whether the AI stock mania continues or fizzles, while Bitcoin traders wait for a breakout. Coldcard users should keep an eye on the company's official channels for updates.
