Nvidia stock crash wipes $600b from U.S markets: Analysts are still betting big on Bitcoin

Despite a significant crash in the tech stock market, particularly affecting Nvidia, analysts remain optimistic about Bitcoin's future.

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Bitcoin Boosts MicroStrategy (MSTR) to Higher Trading Volume Than Tesla and Nvidia

The bitcoin treasury effect is real.

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Nvidia soars 2,782% in five years, outshining Bitcoin and Ethereum

Nvidia's market cap grew 2,782.8% over five years, surpassing Bitcoin and Ethereum's growth. The tech giant now valued at over $3 trillion. The post Nvidia soars 2,782% in five years, outshining Bitcoin and Ethereum appeared first on Crypto Briefing.

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Nvidia Surpasses Bitcoin on Google Trends

Nvidia is now ahead of Bitcoin in search interest

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AltSignals: Unravelling AI token future as Bitcoin and Nvidia correlation grows

AltSignals has attracted investors with its AI application and earnings opportunities. A strong correlation between Bitcoin and NVIDIA has highlighted the influence of AI on crypto. $ASI token has 50x and more potential as the future of AI trading unravels.

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Bitcoin's Correlation to Nvidia Strongest in Over a Year

The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.

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Bitcoin’s 195% gain overshadows the tech sector’s ‘Magnificent 7’

Quick Take Comparing the performance of the ‘Magnificent 7’ tech stocks—Nvidia, Meta, Microsoft, Amazon, Google, Tesla, and Apple—to Bitcoin shows that the coveted group of assets is seeing significant competition from Bitcoin.

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Next Nvidia? Look at Bitcoin, Says Scaramucci

Anthony Scaramucci has likened the transformative potential of ETFs for Bitcoin to the impact of AI on Nvidia's market success

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Bitcoin Dogs accelerates presale as Nvidia earnings lift crypto AI tokens

Crypto project Bitcoin Dogs continues to make waves in the presale market, surpassing the $3. 4 million mark amid massive investor attention. Meanwhile, Bitcoin is trading above $51,800 as bulls push higher following Wednesday’s dip to around $50,700.

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Bitcoin Back Over $51K, Crypto Market Recovers as Nvidia's Earnings Rejuvenates AI-Tokens

The haphazard price action caused over $200 million in liquidations of crypto-tracked futures, of which $150 million were longs, or bets, against higher prices.

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Nvidia's Hotly Anticipated Earnings May 'Trigger' Bitcoin and Crypto Correction, Analyst Says

'The most important stock on Earth' could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, the report said.

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Jihan Wu’s Bitcoin mining firm Bitdeer partners with NVIDIA

Blockchain company Bitdeer has become a cloud service provider in the NVIDIA partner network. Bitcoin cloud mining services company Bitdeer Technologies Group has entered into a partnership agreement with NVIDIA to double down on supercomputing resources. In a press release…

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Grayscale Bitcoin Trust Outshines Nvidia With 220% Gain This Year

"GBTC is the gift that keeps giving," one observer said.

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Tether makes AI foray with huge bet on Cloud GPUs

Tether has made an entry into the AI space with a strategic investment in Bitcoin miner Northern Data. Media reports say Tether purchased 10,000 Nvidia H100 GPUs worth $420 million. Tether, the company behind the $83 billion stablecoin USDT, has marked its foray into the AI tech space with a strategic investment in Europe-based crypto […] The post Tether makes AI foray with huge bet on Cloud GPUs appeared first on CoinJournal.

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Iris Energy diversifies into AI with $10m Nvidia GPU purchase 

Iris Energy invests $10 million in 248 Nvidia H100 GPUs to expand into generative AI alongside its existing focus on Bitcoin (BTC) mining.

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Iris Energy buys latest Nvidia GPUs to explore generative AI & bolster Bitcoin mining

The sustainable Bitcoin mining firm Iris Energy has invested $10 million in the latest Nvidia H100 GPUs. The company has purchased 248 pieces of equipment as it wants to navigate generative AI while focusing on its core business – BTC mining.

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Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.

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Why A Soaring Stock Market Could Bring Bitcoin To $47,000

Major US stock indices made new 52-week highs recently, and the Nasdaq is approaching its former all-time high. Several key components of the index have set new price records, such as Nvidia. But Bitcoin and the rest of crypto? These risk assets remain stagnant.

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Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

This week’s Crypto Biz looks at the crypto industry since the FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.

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AI and Bitcoin: This what the future holds for BTC

After watching the latest NVidia keynote, I realized that artificial intelligence (AI) is the future of efficiency for most industries. But will this budding technology accord the same courtesy to BitThe post AI and Bitcoin: This what the future holds for BTC appeared first on AMBCrypto.

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First Mover Asia: Bitcoin Holding Pattern Continues as Lawmakers Make Progress in Debt Limit Negotiations

ALSO: Graphics chip manufacturer Nvidia's powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company's sales because of their usefulness in artificial intelligence technology.

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Nvidia's Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look

Bitcoin miners might find non-mining AI applications too tantalizing to pass up.

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Lumber to gold ratio breaks down, suggesting a risk-off environment

Quick Take So far, 2023 has been a good year for Bitcoin and risk assets, with Bitcoin up 71%, Nvidia up 92%, and Meta up 68%. The post Lumber to gold ratio breaks down, suggesting a risk-off environment appeared first on CryptoSlate.

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First Mover Asia: Chip Maker Nvidia Isn’t an Ether Proxy, Bitcoin Holds Near $21K

Crypto aided Nvidia's bottom line, but it has not been a major cause of the stock's steep decline; bitcoin hovers near $21K.

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First Mover Asia: Did Nvidia Profit From Crypto Mining? Consider Its Manufacturing Partners’ Stocks; Cryptos Have a Rough Day

The manufacturer of graphics processing units has been reluctant to acknowledge the role its products play in crypto mining; bitcoin and ether plummet.

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Gold, Stocks, and Bitcoin: Weekly Overview — November 18

This week’s price movements for Bitcoin (BTC), gold, and our stock pick Nvidia.

The post Gold, Stocks, and Bitcoin: Weekly Overview — November 18 appeared first on BeInCrypto.

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Bitcoin Miner Hut 8 Uses “HODL” Strategy to Increases BTC Balance by 6.8% in Just Over A Month

The latest fleet of NVIDIA chips helped the company mine Bitcoin at a total cost of under $3,000 per BTC, “delivering margins of approximately 95%. ” The post Bitcoin Miner Hut 8 Uses “HODL” Strategy to Increases BTC Balance by 6.

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Gold, Stocks, and Bitcoin: Weekly Overview — August 19

This week’s price movements for Bitcoin (BTC), gold, and our stock picks Nvidia and Robinhood. The post Gold, Stocks, and Bitcoin: Weekly Overview — August 19 appeared first on BeInCrypto.

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Nvidia Stock Takes Hit Because of Bitcoin and Ethereum

Nvidia’s stock split has failed to impress investors amid a major cryptocurrency rout

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Gold, Stocks, and Bitcoin: Weekly Overview — June 24

This week’s price movements for Bitcoin (BTC), gold, and our stock picks Nvidia and Far Peak.

The post Gold, Stocks, and Bitcoin: Weekly Overview — June 24 appeared first on BeInCrypto.

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The Price of Graphics Cards Plummet in China After Bitcoin Mining Crackdown

Meanwhile, Nvidia Corp. continues to push for a chip just for cryptocurrency miners where the CEO said they “learned to move faster,” to prioritize its gamer customer base and immune themselves from the worst of any potential crash.

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Gold, Stocks, and Bitcoin: Weekly Overview, May 27

Graphics-chip maker Nvidia had a spectacular week. Gold has largely continued its upwards trend from the past few weeks. Bitcoin continues to struggle. The post Gold, Stocks, and Bitcoin: Weekly Overview, May 27 appeared first on BeInCrypto.

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Miner Hut 8 Purchases $30 Million of Nvidia CMPs

Publicly listed Canadian miner Hut 8 announced the purchase of the Nvidia CMPs on March 26. The move helps broaden the company’s mining capacities while maintaining its Bitcoin mining operation. Hut 8 did not specify how many GPUs, or which versions of the CMP, were being purchased.

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Nvidia bets big on Ethereum mining with new dedicated graphic chip

The chipmaker was overwhelmed by the massive use of its graphic chips by Ethereum and Bitcoin miners in 2017. The post Nvidia bets big on Ethereum mining with new dedicated graphic chip appeared first on CryptoSlate.

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Лучшие видеокарты для майнинга в 2019 году. Рекомендации экспертов и прибыльность GPU от Nvidia и AMD

Последняя весна влюбила в себя майнеров, холдеров и других представителей индустрии криптовалют. Причина — в курсах монет. Например, в первых числах марта за Ethereum давали 127 долларов, а уже к последнему дню мая цена составляла 262 доллара. Bitcoin Gold за...

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Bitcoin Price Boom Boosts AMD Rally While Semiconductor Stocks Crash

By CCN: While other semiconductor companies were struggling, AMD stocks continued to surge in May; a price movement likely fueled by the bitcoin bull market. AMD Stocks Surging by 99% Advanced Micro’s stocks are booming, gaining as much as 99 percent in the last 12 months.

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Meteoric Bitcoin Rally Won’t Rescue Nvidia’s Flailing Stock

By CCN: Nvidia previously blamed its negative earnings report on “crypto winter,” the vaunted extended bear market which Bitcoin appears to have finally exited. The incredible rally of the past couple weeks means many industries related to crypto will see increased demand and valuation – everything from mining to software development will be in fashion again.

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Inclusion to NVIDIA Inception Program Propels AMMUT Closer to Normalizing Blockchain Use and Maximizing its Potential

May 2nd, 2019 – London, UK –  A year ago, the core members of Ammut Network created a vision for developing the biggest decentralized supercomputer on the blockchain. Since then, the trio has raised $4 million from investors who believe in their project.

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Nvidia Still Upbeat About the Crypto Market and Anticipates Sale of Stockpiled Inventory

Taiwan-based company Nvidia, which is the biggest maker of chips for the computer graphics, is positive about the crypto market. The market has been trading on the red until recently when it showed some bullish signs.

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Nvidia Hopes to Increase Profits after Selling Crypto Mining Inventory

Hope might be on the horizon for Nvidia, as the chip maker is on track to sell off all their built up inventory by the first quarter of 2019 according to a March 19, 2019 report. Clearing Stock and High Hopes When the crypto winter came fell upon the industry in 2018, it touched everyRead MoreRead More.

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In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory  

In this edition of The Daily, we feature a couple of announcements by leading crypto exchanges. Binance starts selling cryptocurrency for cash at newsagent stores in Australia, while Huobi is launching its new token listing platform.

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NVIDIA’s Earnings Report For Q4 2019 Beats All Expectations

The largest graphics chip manufacturer in the world, NVIDIA, reported better-than-expected earnings for the fourth quarter of its 2019 fiscal year which led to its shares rising as much as 8 percent, the company announced in a press release on February 14, 2019.

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In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

In the first edition of The Daily this weekend, we focus on a study estimating that 13 percent of people have used digital coins for payments. We also look at the latest financial report from Nvidia indicating losses due to falling demand for chips used in cryptocurrency mining.

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Nvidia Crypto Mining GPU Chip Producer Stocks Underperform, Was Bitcoin’s Bear Market to Blame?

The cryptocurrency market has been in a bear trend since the end of 2017. Bitcoin (BTC) lost more than 80% of its price during 2018 and many other digital assets lost more than 90% of their value during the same period of time.

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Chipmaker Nvidia Could Have Masked Revenue Figures, Says Royal Bank of Canada Analyst

Chipmaker Nvidia has had a tough time since the cryptocurrency market crashed. In November Nvidia’s stock price dropped by 19% and then it fell by a further 50% in December. The cause was an excess inventory of Pascal cards they produced for cryptocurrency miners in anticipation of high demand.

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The Daily: Twitter CEO Talks Bitcoin, Bitstamp Releases New Mobile App

In Monday’s edition of The Daily we cover a recent interview with Jack Dorsey where the Twitter CEO again publicly shares his views on the future of cryptocurrency. Additionally covered are a new mobile app from Bitstamp and a report about Nvidia’s revenues from the mining market.

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Как настроить и запустить майнер EWBF’s Cuda Equihash? Подробное руководство

EWBF’s Cuda — одна из самых популярных программ для добычи криптовалют на видеокартах Nvidia. Майнер показывает стабильные результаты и позволяет копать монеты на алгоритме Equihash. К тому же разработчики регулярно его обновляют, после чего делятся результатами на старом добром Bitcoin...

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Nvidia Blames China and Drying Crypto Mining Business for Disappointing Q4 2018 Results

According to a report by VentureBeat published on January 28, 2019, U. S. GPU manufacturing company Nvidia’s stock fell by more than 15 percent on Monday over fears of the company’s poor performance in the crypto mining industry.

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Shares of Chip Makers Nvidia and AMD Performed Very Differently in 2018 As Crypto Prices Declined

2018 was one of the most tumultuous years for crypto with all-time highs giving way to an over 80% decline. The crypto mining industry suffered along with crypto traders, but the shares of chipmakers AMD and Nvidia performed very differently, with AMD recording big gains while Nvidia declined.

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