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.
· 37m · on MSN
US stocks, Nvidia recover slightly after China's DeepSeek AI brought steep losses
· 1d · on MSN
China’s DeepSeek AI app sends U.S. tech stocks reeling
China's DeepSeek derails Nasdaq, Nvidia, AI darlings
American AI stocks got sucker punched after China's DeepSeek app reportedly showed advancements against rivals sending investors into sell mode, shaving 3% off the Nasdaq.
Bitcoin (BTC) managed a minor bounce of its worst levels of the day, but the bitcoin mining stocks were unable to reverse any of their plunge as
Bitcoin recovers above $102,000 following market turbulence caused by Chinese AI startup DeepSeek's breakthrough, which triggered an $860 million crypto liquidation and caused NVIDIA to lose $600 billion in market value.
Overzealous hopes for Trump's crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered's Geoff Kendrick.
According to their latest 13F filings, some billionaires have been selling their Nvidia shares. Millennium Management's Israel Englander reduced his position in Nvidia by 12.5% in the third quarter of 2024. Capula Managment's Yan Huo trimmed his stake in Nvidia by 27.7% in the third quarter.
Tom Lee, head of Fundstrat Research, discussed Monday's market sell-off as an "overreaction". On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment.
Bitcoin surges past $103K after a market dip triggered by DeepSeek’s AI shock. Institutional accumulation grows, with BTC targeting $150K.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
SoftBank rose 16.2%, Oracle 14%, ARM 8.88%, MGX 13.79%, Nvidia 3.54% from Jan. 17 to Jan. 24 close - Anadolu Ajansı
Several billionaire investors have reduced their exposure to Nvidia. At the same time, they've increased their exposure to Bitcoin's top spot price ETF. Bitcoin might have a shot at outperforming ...
At the time, Bitcoin felt extremely risky for investors' portfolios. But even a little bit of exposure ended up generating a powerful return. Here are the details.
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