Dan Ives sounds the alarm as Nvidia leads the AI market
Overview Dan Ives said Wall Street is underestimating Nvidia’s earnings by 25–30%. NVIDIA’s market capitalization reached $5.78 trillion, with the top 10 stocks accounting for 39% of the S&P 500. Asked whether Nvidia’s collapse like that of Lehman Brothers could trigger a market crash similar to the 2008 financial crisis, many experts said it would cause major turmoil, though the scale and impact would differ.
Oil prices fell on Monday as stockpiles from G7 countries and exports from Gulf nations eased supply concerns.
According to Kpler data, crude oil shipments through the Strait of Hormuz have returned to pre-war levels.
Bitcoin rose 1.55%, while gold gained 0.23% to $4,149.70 per ounce.
Read the original article by Kamina Bashir on jp.beincrypto.com: G7 Agrees to Release 100 Million Barrels From Emergency Reserves, Sending Oil Prices Lower
MicroStrategy purchased just 334 Bitcoin, the smallest amount in its three-week buying streak.
The company also repurchased $176.3 million worth of its preferred stock that same week.
Its filing also projects a $20.91 billion gain from Bitcoin in the third quarter.
Read the original article by Lockridge Okoth on jp.beincrypto.com: “MicroStrategy Adds 334 Bitcoin, Pours 6x More Into Buybacks Than Bitcoin Purchases: Here’s Why.”