#Navitas财报来袭 Compute Tokens Have No Buyers
Navitas, a company that makes gallium nitride power chips, is about to report earnings. The market isn’t focused on revenue, but on whether the margins in its AI power business can hold up. Demand for data-center power is booming, but chipmakers are competing for orders and cutting prices. Whether they’re actually making money is another matter.
The same logic applies to crypto. The computing-power narrative is hyped every day, but today the AI trio isn’t doing much. $TAO is quoted at 226.6 USDT, up 1.66% over 24 hours—the only one in the green. $FET is quoted at 0.1544, down 0.77%; $RNDR is quoted at 1.507, down 0.2%. The ones going up can’t gain much, and the ones going down haven’t fallen far enough—a classic case of nobody stepping in to buy.
I took a look, and all the AI excitement this time is concentrated in U.S. chip stocks. The money isn’t flowing on-chain. Even strong upstream earnings don’t mean compute tokens will rise along with them. That link broke a long time ago.
Do you think compute tokens are holding back and waiting for Nvidia, or has nobody been speculating on them at all?
Navitas, a company that makes gallium nitride power chips, is about to report earnings. The market isn’t focused on revenue, but on whether the margins in its AI power business can hold up. Demand for data-center power is booming, but chipmakers are competing for orders and cutting prices. Whether they’re actually making money is another matter.
The same logic applies to crypto. The computing-power narrative is hyped every day, but today the AI trio isn’t doing much. $TAO is quoted at 226.6 USDT, up 1.66% over 24 hours—the only one in the green. $FET is quoted at 0.1544, down 0.77%; $RNDR is quoted at 1.507, down 0.2%. The ones going up can’t gain much, and the ones going down haven’t fallen far enough—a classic case of nobody stepping in to buy.
I took a look, and all the AI excitement this time is concentrated in U.S. chip stocks. The money isn’t flowing on-chain. Even strong upstream earnings don’t mean compute tokens will rise along with them. That link broke a long time ago.
Do you think compute tokens are holding back and waiting for Nvidia, or has nobody been speculating on them at all?