Market Review and Trends
AI stocks crash 58% in 1 month, while oil soars 30% – How would I invest $1 million today?
By Financial Horse  •  August 1, 2026
Well, what a week. Or rather, what a month. As recently as late June, AI stocks were in full blown “bubble” mode. And then in the span of 1 month – big name AI stocks like SK Hynix and Sandisk fell more than 50%. And this week we had news that Leopold Aschenbrenner’s Situational Awareness AI fund was fully liquidated and bought out by Citadel. Which sparked a massive 20% rally in many AI stocks on the day. All while the US-Iran war is back in full swing, and Oil price has soared 30% in a month. So… with all that is going on. How would I invest $1 million in today’s climate? AI stocks crash 58% in 1 month Let’s start with the charts. Former high flying poster boy Sandisk is down 58% in 1 month: Meanwhile Korea’s SK Hynix is down 54% over the past month. Now you’ve probably heard about those Korean retail investors who borrowed money to invest in leveraged SK Hynix ETFs....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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