Last night, OpenAI was thoroughly exposed by the FT: its annualized revenue is actually close to $50 billion, not the previously reported $70 billion—about $20 billion less. Nasdaq -1.25%, NVDA fell nearly 3%, and even SpaceX dropped 4% 👀
AI valuations are propped up almost entirely by the demand story; when revenue takes a hit, the whole chain shakes along with it. Micron slid nearly 5% in one night.
On the other side, SpaceX is reportedly in talks to borrow $40 billion to buy Nvidia cards— even the rocket-makers have to issue debt to buy cards. The money-burning machine won’t slow down.
Macro: the 10-year US Treasury yield hit 5.34%, the highest since 2024. Brent surged to 104.$BTC 8.17K, $ETH 2400+; gold has been hovering above 4,100 without any clear bounce.
At times like this, there’s nothing much to do—orders stay put. When the market won’t give you direction, the worst thing isn’t missing out; it’s getting itchy and overtrading.
#BTC #Market analysis
AI valuations are propped up almost entirely by the demand story; when revenue takes a hit, the whole chain shakes along with it. Micron slid nearly 5% in one night.
On the other side, SpaceX is reportedly in talks to borrow $40 billion to buy Nvidia cards— even the rocket-makers have to issue debt to buy cards. The money-burning machine won’t slow down.
Macro: the 10-year US Treasury yield hit 5.34%, the highest since 2024. Brent surged to 104.$BTC 8.17K, $ETH 2400+; gold has been hovering above 4,100 without any clear bounce.
At times like this, there’s nothing much to do—orders stay put. When the market won’t give you direction, the worst thing isn’t missing out; it’s getting itchy and overtrading.
#BTC #Market analysis