Nvidia’s One-Day Gain Nearly Equals Ethereum’s Market Cap
Blockchain technology may have created a $1.1 trillion market in a decade, but the AI boom is pushing a single company to surpass it.
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BTC$62,533.00-3.27%
ETH$1,660.02-4.47%
USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
HYPE$62.57-7.36%
DOGE$0.079-5.01%
USDS$0.99960.00%
RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
AI companies are seeking additional computing power amid a new chip shortage.
Blockchain technology may have created a $1.1 trillion market in a decade, but the AI boom is pushing a single company to surpass it.
Nvidia has projected $11 billion in sales for the current quarter, far above Wall Street estimates of around $7.2 billion.
After NVIDIA decisively beat expectations with its Q1 report, its shares rapidly rose to a new all-time high.
Cathie Wood’s ARK has added $40 million worth of Nvidia shares in three of the company’s funds.
Nvidia has seen a sharp decline in demand for its GPUs amid the looming Ethereum upgrade.
In its fourth-quarter earnings report, the chipmaking company manages record performance amidst tumbling revenue from its cryptocurrency mining processors.
Following massive backlash from regulators worldwide, Nvidia was forced to drop its planned acquisition of Arm Ltd.
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