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BlockBeats News, July 2, according to Hyperinsight monitoring, in the past 1 hour, a whale chased the HOOD price with 10x leverage, with a scale of $1.12 million and an average price of $109.6. The liquidation price was set aggressively at $103.6. At the same time, the same address opened a 25x leveraged long position on BTC with a scale of $2.76 million and an average price of $60,494. It is reported that this whale had previously preferred to engage in trades related to the semiconductor sector. Against the background of today's AI infrastructure chain under pressure and the decline of the Japanese and Korean stock markets, the whale shifted its focus to an independent asset decoupled from the AI computing power narrative, bypassing sector systemic risks. On the news front, Robinhood launched its self-built Arbitrum Layer 2 chain, Robinhood Chain, officially supporting 24/7 tokenized stock trading, driving its independent surge against the broader market. The HOOD token on the Hyperliquid platform has seen a 11.2% increase in the past 24 hours, followed by another 3.7% surge in pre-market trading, now trading at $111, with a trading volume of approximately $15.92 million during the same period.

But currently, the real situation seems to be: Meta is cashing out its stock of old computing power, rather than stopping its pursuit of high-end computing power. In mid-to-late June, it was reported that Meta had signed an agreement with Crusoe, planning to obtain a total of about 1.6GW of AI computing capacity from two data centers in Texas and Missouri. At the same time, Meta's Q1 2026 still raised its full-year capital expenditure guidance to $125-145 billion. Looking at these two things together, it appears more like a reallocation of resources of different generations and purposes: continuing to buy new cards to train cutting-edge models, while old cards are used for inference in high-traffic products, hosting external models, and other application scenarios, making it acceptable to rent out a portion. However, this does not mean that purchases of the most in-demand high-end cards will slow down.

This positive market response highlights investors’ recognition of analysts’ bullish outlook. JPMorgan’s rating actions are typically closely monitored by the market, and its “Overweight” rating indicates that the institution expects the stock to outperform its industry or benchmark index in the future.