Bitcoin prices may see a boost from Nvidia’s massive valuation drop and a pipeline of Initial Public Offerings (IPOs) from prominent cryptocurrency firms, analysts suggest. Shares in chip maker Nvidia closed down nearly 17% on Jan.
A lot of rumours going around right now - with claims that Nvidia sold $175 million of graphics cards to miners which could in part explain the sample shortage. However, Leo takes a look at the story and shares his thoughts after doing some research.
Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.
It took less than two years for Nvidia to add more than $3 trillion in market value and become Wall Street's most-valuable publicly traded company. However, the arrival of DeepSeek reminds investors that next-big-thing technologies have an ominous early stage track record.
Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
Bitcoin might have a shot at outperforming Nvidia over the long run. Yet it also wasn't surprising to see some of those big investors reduce their exposure to the chipmaker after its 2,100% run over the past five years.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
Bitcoin surges past $103K after a market dip triggered by DeepSeek’s AI shock. Institutional accumulation grows, with BTC targeting $150K.
NVIDIA is once again readying a special version of its flagship consumer graphics card for the Chinese market, which be called the GeForce RTX 5090D.
Crypto-centric stocks like NVDA, HOOD, SHOP, IBKR and COIN are likely to benefit from the ongoing Bitcoin rally.