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.
Day traders spent last year shoving billions of dollars into leveraged Nvidia Corp. ETFs in a bid to amp up their gains on the hottest stock on the planet. Now those wagers are in peril. Most Read from BloombergWhat Happened to Hanging Out on the Street?
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.
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.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
DeepSeek Is a Reminder That History Has a Flawless Track Record When It Comes to Next-Big-Thing Technologies
The market is testing a new narrative for Nvidia. This will be a bull and bear ferocious fight. Here we take a look at some bearish factors for the stock, and catalysts for a short thesis.
Bitcoin surges past $103K after a market dip triggered by DeepSeek’s AI shock. Institutional accumulation grows, with BTC targeting $150K.
The launch of generative artificial intelligence DeepSeek became the main event of the week. It would seem that news about affordable and useful tech
Crypto-centric stocks like NVDA, HOOD, SHOP, IBKR and COIN are likely to benefit from the ongoing Bitcoin rally.