AI Projects though Still Dominate, Are Correcting Right Before CPI
Over the past few weeks, following a resurgence in Bitcoin, the market has experienced a notable rally, particularly in AI-related projects such as RNDR, WLD, ARKM, etc. with an average increase of 15% in their prices.
This surge can be explained by the non-farm payrolls report and its potential impact on the FED's future decisions. Additionally, NVIDIA's outstanding performance in the industry, even before releasing its first-quarter earnings, has further fueled investor confidence.
AI could be the biggest narrative led by the tech giant.
The future is bright, but at the moment, right before the CPI report release (5/15), the volatility is currently at a high level. Some technical analysts have suggested that this is an important event that could cause liquidity sweeps at both ends. Negative news and FUD started to take over the media, $WLD has dropped almost 10% since yesterday, so keep an eye on your portfolio!
