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Bitcoin Falls for a Fourth Day, Dipping Below $60,000 as Investors Brace for Nvidia Earnings š¤Æ
ššš
$BTC
Bitcoin has experienced a fourth consecutive day of decline, with its price dipping below the critical $60,000 mark. This downward trend comes as investors closely watch the financial markets, particularly in anticipation of Nvidiaās upcoming earnings report. Hereās whatās driving the market and what it could mean for Bitcoin and the broader crypto landscape.
Bitcoinās Decline: Whatās Happening? š
Bitcoin, the leading cryptocurrency by market capitalization, has been under pressure recently, experiencing a series of sell-offs that have pushed its price below $60,000. This marks a significant retreat from its recent highs, raising concerns among investors about the short-term outlook for the digital asset.
Several factors are contributing to this downward movement:
1. Market Sentiment and Profit-Taking: After a strong rally that saw Bitcoin approach new all-time highs, some investors are taking profits, leading to selling pressure. This is a common occurrence in volatile markets where rapid price increases are often followed by pullbacks.
2. Macroeconomic Uncertainty: Broader market uncertainty, including concerns about inflation, interest rates, and geopolitical tensions, is affecting investor sentiment. These factors have led to a cautious approach in riskier assets like cryptocurrencies.
3. Correlation with Tech Stocks: Bitcoinās recent movements have shown some correlation with tech stocks, particularly those that are closely tied to the digital and innovation sectors. As investors await Nvidiaās earnings report, which is expected to provide insights into the performance of tech companies, some are adjusting their portfolios, which might be impacting Bitcoin.
Nvidia Earnings: Why It Matters š„ļø
Nvidia, a leading technology company known for its high-performance graphics processing units (GPUs), is set to release its earnings report. The companyās performance is closely watched because its products are integral to various high-growth sectors, including artificial intelligence, gaming, and cryptocurrency mining.
- Impact on Bitcoin: Nvidiaās earnings could indirectly impact Bitcoinās price. The companyās GPUs are widely used in cryptocurrency mining, particularly for altcoins. If Nvidia reports strong earnings and positive forward guidance, it could boost sentiment in the tech and crypto sectors, potentially stabilizing or even lifting Bitcoinās price.
- Market Reactions: Conversely, if Nvidiaās earnings disappoint or indicate weakening demand, it could exacerbate the current bearish sentiment, leading to further declines in Bitcoin and other digital assets.
Whatās Next for Bitcoin? š®
As investors digest Nvidiaās earnings and broader market conditions, the outlook for Bitcoin remains uncertain. Key levels to watch include the $58,000 to $60,000 range, which could act as support. A break below these levels might signal further declines, while a recovery could set the stage for another attempt at all-time highs.
In the coming days, market participants will also keep an eye on macroeconomic indicators, regulatory developments, and broader tech sector performance, all of which could influence Bitcoinās trajectory.
Conclusion: Bitcoinās recent dip below $60,000 underscores the volatility that continues to characterize the cryptocurrency market. As investors brace for Nvidiaās earnings, the coming days could be pivotal in determining the near-term direction of Bitcoin and the broader crypto landscape.
For those involved in the crypto market, staying informed and adaptable is crucial as Bitcoin navigates this period of uncertainty.
ššš
$BTC
#BTCā #Bitcoinā #Nvidia's #CryptoMarketMoves #SuperMacho
$BTC
Bitcoin has experienced a fourth consecutive day of decline, with its price dipping below the critical $60,000 mark. This downward trend comes as investors closely watch the financial markets, particularly in anticipation of Nvidiaās upcoming earnings report. Hereās whatās driving the market and what it could mean for Bitcoin and the broader crypto landscape.
Bitcoinās Decline: Whatās Happening? š
Bitcoin, the leading cryptocurrency by market capitalization, has been under pressure recently, experiencing a series of sell-offs that have pushed its price below $60,000. This marks a significant retreat from its recent highs, raising concerns among investors about the short-term outlook for the digital asset.
Several factors are contributing to this downward movement:
1. Market Sentiment and Profit-Taking: After a strong rally that saw Bitcoin approach new all-time highs, some investors are taking profits, leading to selling pressure. This is a common occurrence in volatile markets where rapid price increases are often followed by pullbacks.
2. Macroeconomic Uncertainty: Broader market uncertainty, including concerns about inflation, interest rates, and geopolitical tensions, is affecting investor sentiment. These factors have led to a cautious approach in riskier assets like cryptocurrencies.
3. Correlation with Tech Stocks: Bitcoinās recent movements have shown some correlation with tech stocks, particularly those that are closely tied to the digital and innovation sectors. As investors await Nvidiaās earnings report, which is expected to provide insights into the performance of tech companies, some are adjusting their portfolios, which might be impacting Bitcoin.
Nvidia Earnings: Why It Matters š„ļø
Nvidia, a leading technology company known for its high-performance graphics processing units (GPUs), is set to release its earnings report. The companyās performance is closely watched because its products are integral to various high-growth sectors, including artificial intelligence, gaming, and cryptocurrency mining.
- Impact on Bitcoin: Nvidiaās earnings could indirectly impact Bitcoinās price. The companyās GPUs are widely used in cryptocurrency mining, particularly for altcoins. If Nvidia reports strong earnings and positive forward guidance, it could boost sentiment in the tech and crypto sectors, potentially stabilizing or even lifting Bitcoinās price.
- Market Reactions: Conversely, if Nvidiaās earnings disappoint or indicate weakening demand, it could exacerbate the current bearish sentiment, leading to further declines in Bitcoin and other digital assets.
Whatās Next for Bitcoin? š®
As investors digest Nvidiaās earnings and broader market conditions, the outlook for Bitcoin remains uncertain. Key levels to watch include the $58,000 to $60,000 range, which could act as support. A break below these levels might signal further declines, while a recovery could set the stage for another attempt at all-time highs.
In the coming days, market participants will also keep an eye on macroeconomic indicators, regulatory developments, and broader tech sector performance, all of which could influence Bitcoinās trajectory.
Conclusion: Bitcoinās recent dip below $60,000 underscores the volatility that continues to characterize the cryptocurrency market. As investors brace for Nvidiaās earnings, the coming days could be pivotal in determining the near-term direction of Bitcoin and the broader crypto landscape.
For those involved in the crypto market, staying informed and adaptable is crucial as Bitcoin navigates this period of uncertainty.
ššš
$BTC
#BTCā #Bitcoinā #Nvidia's #CryptoMarketMoves #SuperMacho
š„ Nvidia CEO Launches Meme Token: A Game-Changer in the Crypto World
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#Binance #solana #Nvidia's
AI Crypto Tokensā Market Cap Surge as Is Set to Announce Earnings #nvidia
The market capitalization for artificial intelligence (AI) and big data cryptocurrency projects has experienced a remarkable surge, climbing by 79.7% over the past three weeks. This growth signals a renewed sense of confidence among crypto investors.
On August 6, the market cap for AI and big data crypto projects hit a yearly low of $18.21 billion, largely due to the broader struggles in the cryptocurrency market and the sharp decline in Bitcoinās price. Bitcoin reached a low of $49,500 on August 5 following the surprise decision by the Bank of Japan to raise interest rates.
Despite the heavy influence of Bitcoin on the market, AI and big data tokens have shown resilience, mirroring Bitcoinās recovery. Data from CoinMarketCap reveals that by August 25, the market cap for this sector had more than doubled, comfortably surpassing $38 billion.
As of August 27, the leading tokens in the AI and big data space include Near Protocol (NEAR) with a market cap of $5.5 billion, Internet Computer (ICP) at $3.8 billion, the Artificial Superintelligence Alliance (FET) at $3.4 billion, and Bittensor (TAO) at $2.8 billion.
Onchain analytics platform Lookonchain highlighted some unusual transactions amid the sector's recovery, particularly focusing on the movements of a large whale in the FET token. A whale appeared to regret an earlier decision to sell at a lower price. The investor subsequently spent $2.38 million in USDT to repurchase 1.79 million FET tokens from Binance at a higher price of $1.33 on August 25.
The rise of AI tokens has been fueled by the broader AI narrative, which has gained significant traction in 2024. This momentum has been partly driven by the strong performance of Nvidiaās stock, a key player in the AI hardware space. Nvidiaās positive earnings reports have often been followed by rallies in AI tokens, and with the chipmaker scheduled to release its quarterly results on August 28.
#Nvidia's #BlackRockETHOptions #BTCā #CryptoMarketMoves $BTC
@CRYPTO_KITE
The market capitalization for artificial intelligence (AI) and big data cryptocurrency projects has experienced a remarkable surge, climbing by 79.7% over the past three weeks. This growth signals a renewed sense of confidence among crypto investors.
On August 6, the market cap for AI and big data crypto projects hit a yearly low of $18.21 billion, largely due to the broader struggles in the cryptocurrency market and the sharp decline in Bitcoinās price. Bitcoin reached a low of $49,500 on August 5 following the surprise decision by the Bank of Japan to raise interest rates.
Despite the heavy influence of Bitcoin on the market, AI and big data tokens have shown resilience, mirroring Bitcoinās recovery. Data from CoinMarketCap reveals that by August 25, the market cap for this sector had more than doubled, comfortably surpassing $38 billion.
As of August 27, the leading tokens in the AI and big data space include Near Protocol (NEAR) with a market cap of $5.5 billion, Internet Computer (ICP) at $3.8 billion, the Artificial Superintelligence Alliance (FET) at $3.4 billion, and Bittensor (TAO) at $2.8 billion.
Onchain analytics platform Lookonchain highlighted some unusual transactions amid the sector's recovery, particularly focusing on the movements of a large whale in the FET token. A whale appeared to regret an earlier decision to sell at a lower price. The investor subsequently spent $2.38 million in USDT to repurchase 1.79 million FET tokens from Binance at a higher price of $1.33 on August 25.
The rise of AI tokens has been fueled by the broader AI narrative, which has gained significant traction in 2024. This momentum has been partly driven by the strong performance of Nvidiaās stock, a key player in the AI hardware space. Nvidiaās positive earnings reports have often been followed by rallies in AI tokens, and with the chipmaker scheduled to release its quarterly results on August 28.
#Nvidia's #BlackRockETHOptions #BTCā #CryptoMarketMoves $BTC
@CRYPTO_KITE
Elon Musk buys 100 thousand chips for 40 thousand dollars! Here's why
Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail.
Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI
This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers.
This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, andĀ Saudi Arabian PrinceĀ Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected.
Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existingĀ H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025.
The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity.
$XAI
Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail.
Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI
This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers.
This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, andĀ Saudi Arabian PrinceĀ Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected.
Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existingĀ H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025.
The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity.
$XAI
Here are todayās top 5 news highlights:
š¹ #Telegram CEO Pavel Durov has been charged & released, with a travel ban in France.
šø #Nvidia's Q2 revenue exceeds expectations, marking a record boost for the AI sector.
š¹ #OpenSea has received a Wells notice from the SEC.
šø "Overly optimistic" #Bitcoin traders are being liquidated as $BTC futures move to a "neutral" position.
š¹ Bitwise Bitcoin ETF will acquire $120M from the Osprey Bitcoin Trust.
š¹ #Telegram CEO Pavel Durov has been charged & released, with a travel ban in France.
šø #Nvidia's Q2 revenue exceeds expectations, marking a record boost for the AI sector.
š¹ #OpenSea has received a Wells notice from the SEC.
šø "Overly optimistic" #Bitcoin traders are being liquidated as $BTC futures move to a "neutral" position.
š¹ Bitwise Bitcoin ETF will acquire $120M from the Osprey Bitcoin Trust.
š„š„AttentionšØšØ
ā„ļøElon Musk is on the move again, this time purchasing 100,000 Nvidia chips for his new artificial intelligence venture, xAI. Musk has secured $6 billion in funding for xAI, which he founded last summer. This significant budget will be used to launch xAI's initial products, build advanced infrastructure, and accelerate R&D for future technologies.š©āš»
ā„ļøxAI's first known product is a chatbot called Grok, developed to compete with OpenAI's ChatGPT. Currently, Grok is available exclusively to X Premium subscribers. šThe funding round attracted major investors, including Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Initially, #xAI sought up to $1 billion in equity investment, but recent reports indicated a $6 billion target, which Musk had initially denied but has now been achieved.š
ā„ļøDeveloping AI is costly, with Nvidia's upcoming Blackwell B200 AI graphics cards priced between $30,000 and $40,000 each. xAI reportedly needs 100,000 of #Nvidia's existing H100 chips to power an upgraded version of #Grok . Musk informed investors that a new data center is planned for launch in fall 2025.š§āāļø
ā„ļøThe competition for #AI chips, talent, and technology is fierce, with tech giants like Google, Apple, Amazon, Microsoft, and Meta investing billions in AI projects. Microsoft has partnered with OpenAI in a multibillion-dollar deal, while OpenAI CEO Sam Altman aims to revolutionize the global chip industry with a trillion-dollar vision. Meanwhile, Musk is suing OpenAI, accusing it of straying from its mission to benefit humanity.š«$XAI
ā„ļøElon Musk is on the move again, this time purchasing 100,000 Nvidia chips for his new artificial intelligence venture, xAI. Musk has secured $6 billion in funding for xAI, which he founded last summer. This significant budget will be used to launch xAI's initial products, build advanced infrastructure, and accelerate R&D for future technologies.š©āš»
ā„ļøxAI's first known product is a chatbot called Grok, developed to compete with OpenAI's ChatGPT. Currently, Grok is available exclusively to X Premium subscribers. šThe funding round attracted major investors, including Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. Initially, #xAI sought up to $1 billion in equity investment, but recent reports indicated a $6 billion target, which Musk had initially denied but has now been achieved.š
ā„ļøDeveloping AI is costly, with Nvidia's upcoming Blackwell B200 AI graphics cards priced between $30,000 and $40,000 each. xAI reportedly needs 100,000 of #Nvidia's existing H100 chips to power an upgraded version of #Grok . Musk informed investors that a new data center is planned for launch in fall 2025.š§āāļø
ā„ļøThe competition for #AI chips, talent, and technology is fierce, with tech giants like Google, Apple, Amazon, Microsoft, and Meta investing billions in AI projects. Microsoft has partnered with OpenAI in a multibillion-dollar deal, while OpenAI CEO Sam Altman aims to revolutionize the global chip industry with a trillion-dollar vision. Meanwhile, Musk is suing OpenAI, accusing it of straying from its mission to benefit humanity.š«$XAI
NEAR Protocol Price Soars Ahead of Nvidia's AI Conference
#NEAR Protocol (NEAR) has experienced a surge in price, nearly doubling in value over the past week. This positive trend comes as NEAR prepares to be one of the few crypto-related firms presenting at #Nvidia's upcoming #AI conference.
Analyst Insights:
Experts believe NEAR's presence at the conference could spark significant interest from the AI community. NEAR's focus on scalability and ease of use aligns well with the growing demands of AI applications on #blockchains.
Recent Developments:
The NEAR Foundation recently addressed the undercollateralization issue with the USN stablecoin. They allocated $40 million for a "protection program" and are urging a wind down of USN.
What to Watch:
NEAR's presentation at Nvidia's conference could be a defining moment for the protocol.Continued growth in active wallets on NEAR blockchain applications is another positive indicator to monitor.
Overall, the NEAR ecosystem appears to be gaining momentum. With a strong showing at the AI conference and ongoing development efforts, NEAR could be poised for further price increases.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please conduct your own research before making any financial decisions.
#BNBChain $NEAR
Analyst Insights:
Experts believe NEAR's presence at the conference could spark significant interest from the AI community. NEAR's focus on scalability and ease of use aligns well with the growing demands of AI applications on #blockchains.
Recent Developments:
The NEAR Foundation recently addressed the undercollateralization issue with the USN stablecoin. They allocated $40 million for a "protection program" and are urging a wind down of USN.
What to Watch:
NEAR's presentation at Nvidia's conference could be a defining moment for the protocol.Continued growth in active wallets on NEAR blockchain applications is another positive indicator to monitor.
Overall, the NEAR ecosystem appears to be gaining momentum. With a strong showing at the AI conference and ongoing development efforts, NEAR could be poised for further price increases.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please conduct your own research before making any financial decisions.
#BNBChain $NEAR
JUST IN: #Nvidia's surpasses a $3 trillion market cap.
Reach ys at 2eeter #Imtiazzavi
#BTCā #ETHETFsApproved
Top gainers
#BURGER/USDT $FIDA $BB
Reach ys at 2eeter #Imtiazzavi
#BTCā #ETHETFsApproved
Top gainers
#BURGER/USDT $FIDA $BB
#Nvidia's stock rose more than 3% to $563.82 and hit a new record high. š
The value of Nvidia's shares more than tripled last year, making it the world's most valuable chipmaker.
#AI #StockMarketNews #Crypto #Bitcoin
The value of Nvidia's shares more than tripled last year, making it the world's most valuable chipmaker.
#AI #StockMarketNews #Crypto #Bitcoin
According to Reuters, #Nvidia's stock price has surpassed Apple to become the world's most valuable stock š
Specifically, in yesterday's trading session, NVIDIA's stock rose +3.5% to $135.58, recording a market cap of $3.335T, with Apple and Microsoft at $3.286 (-1%) and $3.317 (-0.45%) respectively.
3 hours ago, iCrypto.ai recorded 2 large wallet movements of RNDR from #OKX
- 0x2eea received 993K $RNDR ~ $7.264M
- 0x97d62 received 596.2K $RNDR ~ $4.26M
(Further on-chain analysis will be updated soon)
āāāāā-
While there are new highlights in traditional AI industries, AI tokens in crypto have been dropping significantly in the past few days.
What do you think about #AiNarratives in this season?
#DataFi #iCryptoā¤ļø
Specifically, in yesterday's trading session, NVIDIA's stock rose +3.5% to $135.58, recording a market cap of $3.335T, with Apple and Microsoft at $3.286 (-1%) and $3.317 (-0.45%) respectively.
3 hours ago, iCrypto.ai recorded 2 large wallet movements of RNDR from #OKX
- 0x2eea received 993K $RNDR ~ $7.264M
- 0x97d62 received 596.2K $RNDR ~ $4.26M
(Further on-chain analysis will be updated soon)
āāāāā-
While there are new highlights in traditional AI industries, AI tokens in crypto have been dropping significantly in the past few days.
What do you think about #AiNarratives in this season?
#DataFi #iCryptoā¤ļø
Top AI Altcoins To Stack Up As Nvidia Stock Clocks New Market Heights
The cryptocurrency market witnessed an extended correction in the second half of June as Bitcoin plunged to a monthly low of $64000 on Tuesday. The majority of major altcoins were following the same momentum but the coins associated with AI- Artificial Intelligence experienced a sudden uptick. The renewed buying interest could be linked to AI chip maker company Nvidia recently becoming the most valuable company in the world by market cap by market cap. Nvidiaās stock price currently stands at $135.58, boasting a market capitalization of $3.335 trillion, which reflects a significant jump of 3.51% from yesterday. The company has experienced a remarkable annual growth rate of 209.47%, recently surpassing Microsoft to become the most valuable tech company. The FET price has been under correction trend for the past 11 weeks witnessing dynamic resistance from a downsloping trendline. The bearish turnaround has tumbled altcoin value from $3.48 to $1.1 low registering a loss of 68.3%.
With a 20% jump, the coin price reverted to $1.43 projecting its sustainability above 50 EMA of the weekly chart. By press time, Fetch.ai coin holds a market cap of $1.208 while the 24-hour trading volume jumps to $247 Million.
#Nvidia's #nvidia #BNBHODLer #BinanceTournament #AirdropGuide
The cryptocurrency market witnessed an extended correction in the second half of June as Bitcoin plunged to a monthly low of $64000 on Tuesday. The majority of major altcoins were following the same momentum but the coins associated with AI- Artificial Intelligence experienced a sudden uptick. The renewed buying interest could be linked to AI chip maker company Nvidia recently becoming the most valuable company in the world by market cap by market cap. Nvidiaās stock price currently stands at $135.58, boasting a market capitalization of $3.335 trillion, which reflects a significant jump of 3.51% from yesterday. The company has experienced a remarkable annual growth rate of 209.47%, recently surpassing Microsoft to become the most valuable tech company. The FET price has been under correction trend for the past 11 weeks witnessing dynamic resistance from a downsloping trendline. The bearish turnaround has tumbled altcoin value from $3.48 to $1.1 low registering a loss of 68.3%.
With a 20% jump, the coin price reverted to $1.43 projecting its sustainability above 50 EMA of the weekly chart. By press time, Fetch.ai coin holds a market cap of $1.208 while the 24-hour trading volume jumps to $247 Million.
#Nvidia's #nvidia #BNBHODLer #BinanceTournament #AirdropGuide
š AI Boom Propels Nvidia to the Top š
Nvidia has skyrocketed to become the world's most valuable company, overtaking giants Microsoft and Apple. On June 18, Nvidia's shares surged by 4%, pushing its market cap to a staggering $3.3 trillion! šš„
This monumental rise is fueled by Nvidia's dominance in making chips essential for AI applications, powering the data centers that drive AI technology. Microsoft's gains come from its partnership with OpenAI, while Apple's shares jumped after announcing its AI plans. š§ š
Analyst Daniel Ives from Wedbush Securities predicts a fierce race to a $4 trillion market cap between Nvidia, Apple, and Microsoft over the next year. šš°
In its latest earnings, Nvidia reported a revenue spike to $26 billion, up 18% from the previous quarter and an impressive 262% year-over-year. CEO Jensen Huang credited this growth to partnerships transforming data centers into AI factories, boosting productivity across industries. šš
#Nvidia also unveiled new AI innovations, including a family of open models for training large language models and plans for next-gen AI platforms and accelerators, set to roll out in the coming years. šš¤
As AI continues to revolutionize tech, Nvidia's leading role in this wave keeps it at the forefront of the industry. šāØ
$BTC
#Nvidia's #BinanceTournament #altcoins
Nvidia has skyrocketed to become the world's most valuable company, overtaking giants Microsoft and Apple. On June 18, Nvidia's shares surged by 4%, pushing its market cap to a staggering $3.3 trillion! šš„
This monumental rise is fueled by Nvidia's dominance in making chips essential for AI applications, powering the data centers that drive AI technology. Microsoft's gains come from its partnership with OpenAI, while Apple's shares jumped after announcing its AI plans. š§ š
Analyst Daniel Ives from Wedbush Securities predicts a fierce race to a $4 trillion market cap between Nvidia, Apple, and Microsoft over the next year. šš°
In its latest earnings, Nvidia reported a revenue spike to $26 billion, up 18% from the previous quarter and an impressive 262% year-over-year. CEO Jensen Huang credited this growth to partnerships transforming data centers into AI factories, boosting productivity across industries. šš
#Nvidia also unveiled new AI innovations, including a family of open models for training large language models and plans for next-gen AI platforms and accelerators, set to roll out in the coming years. šš¤
As AI continues to revolutionize tech, Nvidia's leading role in this wave keeps it at the forefront of the industry. šāØ
$BTC
#Nvidia's #BinanceTournament #altcoins
Nvidia Surpasses Microsoft in Market Cap, Becoming Most Valuable Public Company !
Nvidia is now the world's most valuable public company, surpassing Microsoft with a market cap of $3.33 trillion.
The company's shares have surged over 170% this year due to its dominance in AI chips used by major tech companies. Nvidia's rise has significantly boosted co-founder Jensen Huang's net worth to $117 billion.
#Nvidia #Nvidia's #Microsoft #BinanceTournament
Nvidia is now the world's most valuable public company, surpassing Microsoft with a market cap of $3.33 trillion.
The company's shares have surged over 170% this year due to its dominance in AI chips used by major tech companies. Nvidia's rise has significantly boosted co-founder Jensen Huang's net worth to $117 billion.
#Nvidia #Nvidia's #Microsoft #BinanceTournament
In the past 7 days, #Nvidia's stock dropped 13%, resulting in a market cap loss of $440 billion.
This is equivalent to the combined market cap $ETH , $BNB , $SOL and $XRP.
#Nvidia #StockMarket #TrendingTopic
This is equivalent to the combined market cap $ETH , $BNB , $SOL and $XRP.
#Nvidia #StockMarket #TrendingTopic
Elon Musk buys 100 thousand chips for 40 thousand dollars! Here's why
Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail.
Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI
This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers.
This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, andĀ Saudi Arabian PrinceĀ Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected.
Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existingĀ H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025.
The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity.
$XAI
Elon Musk can't stop. This time, Musk is purchasing 100 thousand chips for his new artificial intelligence initiative xAI. Musk announced that he raised $6 billion in funding for xAI, which he founded last summer. So, what will this huge budget be used for? Let's examine this exciting news in detail.
Elon Musk is buying 100 thousand Nvidia-branded chips for his artificial intelligence company xAI
This $6 billion raised will be used to bring xAI company's first products to market, create advanced infrastructure, and accelerate research and development of future technologies. So far, xAI has introduced a chatbot called Grok, which it developed as a rival to OpenAI's #ChatGPT . Grok is currently only available to X Premium subscribers.
This funding round included giant investors such as Andreessen Horowitz, Sequoia Capital, andĀ Saudi Arabian PrinceĀ Al Waleed bin Talal. Last year, xAI announced it was seeking equity investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time. Now we see that $6 billion has actually been collected.
Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards range from $30,000 to $40,000 each. According to a report last week, xAI will require 100,000 of #Nvidia's existingĀ H100 chips to power the upgraded version of its #Grok AI chatbot. #Musk told investors they plan to launch the new data center in the fall of 2025.
The race for #AI chips, talent and technology has never been this competitive. Major technology giants such as Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects. Microsoft has formed a multibillion-dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity.
$XAI