Market Analysis
Traders anxiously await today’s FOMC results to see if a surprise Fed rate cut could ignite a Bitcoin rally toward $140,000.
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Nvidia News
Nvidia is a technology corporation founded in 1993 and headquartered in California, United States. The main products of Nvidia include central processing units (CPU), graphics processing units (GBU) and chipsets. Nvidia is one of the largest hardware developers in the world, with only one major competitor — AMD. Nvidia has greatly profited from the outburst of cryptocurrency popularity. A lot of miners use products from Nvidia for Bitcoin mining. As Nvidia provides most of consumers GPUs, mining with Nvidia’s products have become widespread. Seeing the emerging consuming base, Nvidia developed mining drivers and technologies for improving the speed of mining. Nvidia’s GPU Technology Conference is one of the main IT events that gathers people from different fields, including cryptocurrency industry, and where various applications of AI and deep learning are presented.
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Hive Digital’s HPC business is targeting a $100 million annual revenue run rate as it continues to diversify beyond Bitcoin mining.
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Nvidia’s stock hit an all-time high of $164.32, making it the first $4 trillion company as AI demand drives yearly gains.
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Bitcoin price hit new highs today, but surging US debt and concerning housing data raise fears of a recession-led Bitcoin drop toward $95,000.
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Crypto market volatility rises in reaction to Israel’s attack on Iran, but the technical setup suggesting that the uptrend still remains intact.
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Nvidia shares have jumped nearly 5% after-hours after the chipmaker’s Q1 results beat estimates on revenue but fell short on earnings.
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Nvidia plans to launch a cheaper AI chip for the Chinese market following US export restrictions, Reuters reports.
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The Wall Street Journal reports Huawei has approached Chinese tech firms to test its latest AI chip, the Ascend 910D.
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El Salvador announced a new AI collaboration with computer chip-making giant Nvidia, aiming to improve healthcare, education and infrastructure.
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Crypto and tech stocks remain sensitive to tariffs and macroeconomic developments, not due to industry-specific issues, but “thin” confidence and positioning, according to market analysts.
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Nvidia shares fell 6% after-hours after revealing it faces expensive restrictions on exporting its AI chips to China, which could leave it facing $5.5 billion in charges.
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Kraken launches stock and ETF trading for US users, expanding beyond crypto as it pushes for a borderless, all-in-one trading platform.
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AI crypto traders have often watched Nvidia’s stock, but its price movements haven’t always correlated with the AI crypto market.
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Bitcoin's correction may be over, supported by derivatives markets, a weak dollar and contagion from the US budget crisis.
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Nvidia’s latest earnings have beaten Wall Street estimates on the top and bottom line as the chip maker said AI is advancing at “light speed.”
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