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.
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.
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.
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
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's position in AI could be challenged by DeepSeek’s efficient models. Learn why NVDA stock might face challenges from the rise of GPU-agnostic AI.
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Bitcoin fell 7% on Monday alongside a general slide among tech stocks including Nvidia, as China’s new artificial intelligence model sent shock waves through Silicon Valley.