AI stocks rebound—will crypto follow?
Goldman Sachs upgraded CoreWeave to Buy with a $106 price target. The stock rose 6% premarket, Nasdaq 100 futures gained 1%, and the Nasdaq fell more than 4% last week.
The recovery in AI stocks is giving sentiment a boost, but AI tokens like TAO have thin market-making depth. The rebound is driven by short covering and may not last until earnings confirm capital spending. BTC is under pressure from the 10-year U.S. Treasury yield at 5.08%, with heavy selling overhead in the spot market. A short-term pullback to support could help build momentum; ETH follows BTC lower but not higher.
For those holding TAO, what’s your cost basis? Would you dare to add to your position in this AI stock rebound?
$BTC $ETH $TAO
Goldman Sachs upgraded CoreWeave to Buy with a $106 price target. The stock rose 6% premarket, Nasdaq 100 futures gained 1%, and the Nasdaq fell more than 4% last week.
The recovery in AI stocks is giving sentiment a boost, but AI tokens like TAO have thin market-making depth. The rebound is driven by short covering and may not last until earnings confirm capital spending. BTC is under pressure from the 10-year U.S. Treasury yield at 5.08%, with heavy selling overhead in the spot market. A short-term pullback to support could help build momentum; ETH follows BTC lower but not higher.
For those holding TAO, what’s your cost basis? Would you dare to add to your position in this AI stock rebound?
$BTC $ETH $TAO