Bitcoin as ‘Digital Gold’ Thesis Undermined by Crypto Selloff
Bitcoin has decoupled from gold’s price since last month This year’s rally was mainly driven by new US Bitcoin ETFs Tweet on BTC vs Gold Bitcoin has decoupled from gold’s price since last
Stock Market Stages Big Comeback After Three-Day Selloff
Market Correction of 10% or more is ‘appropriate,’ as VIX Index falls after hitting its highest since 2020 to start the week. Tweet on the recent stock selloff The Stock market Stages Big
Bitcoin on a Reversal as Ether ETF Investors Buy Dip
Ether ETFs in the US drew a net inflow of $49 million on Monday. The token had lost a fifth of its value amid a wider selloff Tweet on BTC & Ether reversal
Bitcoin Has Worst Drop Since 2021
Bitcoin posted the biggest weekly fall since the FTX crisis as risk aversion in global markets drags down all the crypto prices. Tweet on BTC’s recent fall Bitcoin already posted the biggest weekly
AI Startup Groq Gets $2.8 Billion Valuation in New Funding Round
Artificial intelligence startup Groq Inc. has raised $640 million in new funding, underscoring investor enthusiasm for innovation in chips for AI systems. Cisco and Samsung invested in the $640 million deal Tweet on
Nvidia’s New AI Chip Delayed Due to Design Flaws
Chip-maker informed Microsoft about the delays this week Big shipments of the Blackwell series delayed until Q1 2025 Tweet on Nvidia Chip designs @nvidia ’s upcoming artificial intelligence chips will be delayed due
AI Startup Cohere Valued at $5.5 Billion
Artificial intelligence startup Cohere Inc. is now one of the world’s most valuable artificial intelligence companies and one of the largest startups in Canada — but unlike some of its Silicon Valley competitors,
Broadcom Closing on a Chip Collab With OpenAI
Broadcom Inc. shares gained almost 3% on Thursday after the Information reported that it has discussed making an artificial intelligence chip for OpenAI, potentially vaulting it further into Nvidia Corp.’s territory. Tweet on
TSMC’s key chip sales has shifted from smartphones to AI
Taiwan Semiconductor Manufacturing Co. now makes more than half of its revenue from high-performance computing, the segment of its business powered to new heights by runaway AI demand. Tweet on TSCM’s market chip
S&P 500 Climbs as 90% of Its Shares Push Higher Today
Consumer sentiment falls to eight-month low, inflation eases Producer prices rise slightly more than forecast on margins Tweet on trending stocks Market wraps:About 90% of the shares in the S&P 500 rose Friday.