Dow, S&P 500 and Nasdaq rise in final hour despite chip-stock selloff

The three major US stock indices managed to claw their way into the green during the final hour of trading on July 13, even as semiconductor stocks were having one of their worst days in weeks.

SK Hynix, South Korea’s memory chip giant, saw its shares fall sharply during Asian trading hours, and the damage quickly rippled across the Pacific. US chip heavyweights including Nvidia, Broadcom, AMD, Micron, and Qualcomm all saw premarket declines of up to 6%.

The chip wreck and the recovery

Semiconductor stocks have been a volatile ride throughout 2026. The sector already endured a brutal stretch in June when more than $1 trillion in market value evaporated from chip stocks during a broader selloff.

The Dow, S&P 500, and Nasdaq all posted gains during that final trading hour, suggesting that investors found enough strength in other sectors to offset the semiconductor drag.

Why crypto investors should be paying attention

No crypto assets, protocols, or tokens were explicitly tied to the July 13 market action.

Nvidia sits at the center of this overlap. The company reported revenue of $81.6 billion in Q1 2026, and its GPUs remain essential infrastructure for both AI training and cryptocurrency mining operations. When Nvidia’s stock drops 6% in premarket, that’s not just a stock market story. It’s a signal about the economics of the hardware that underpins a significant portion of Bitcoin’s hash rate.

For crypto-native investors, the question is whether the semiconductor sector’s volatility will eventually bleed into mining economics. GPU prices, chip availability, and manufacturing capacity all affect the cost of mining Bitcoin.

The bigger picture for markets

The $1 trillion wipeout in chip stocks during June is still fresh in everyone’s memory, and it clearly made investors more cautious about concentrated bets on semiconductors.

With Nvidia’s quarterly revenue sitting at $81.6 billion, the company’s financial health directly shapes the cost and availability of mining hardware. A sustained chip selloff could eventually make GPUs cheaper and more accessible, which would lower the barrier to entry for miners and potentially increase Bitcoin’s hash rate.

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