Whoa, over the past two days, the gap between AMD and Nvidia has widened to 24 percentage points.
AMD rose 13.3% on Monday, then another 1.3% on Tuesday, for a gain of about 14.8% over the two days. Nvidia fell 4.3% on Monday and 5.47% on Tuesday, down roughly 9.5% in total. Broadcom was similar: Monday’s 8.8% gain was its best day in nearly a year, and it rose another 3.91% on Tuesday to close at 331.98.
Same AI basket, same CPI report, and yet this is how things played out.
So the sell-off over these two days hasn’t killed the AI story—it’s hit the uncertainty around Nvidia specifically. Until things are settled with Jensen Huang, big investors don’t want to carry the risk of a single company, so they’re switching within the sector, moving from Nvidia into stocks like Broadcom and AMD that don’t have “CEO news.” The money hasn’t left AI at all.
Crypto hasn’t been so lucky 😅
At least in AI, money is just moving around within the sector. In crypto, money is actually leaving. Spot BTC ETFs saw another $200 million in outflows on Monday. IBIT has had net redemptions for seven straight days, and there’s no sign of anyone rotating from BTC into other coins. ETH is down even more than BTC today.
Before Nvidia reports earnings on 11/17, I expect this split within the sector to continue. Whether BTC gets any of that risk appetite depends on how much AI money is still on the sidelines after that day.
#美股 #AI #比特币 $NVDA $AVGO $BTC
AMD rose 13.3% on Monday, then another 1.3% on Tuesday, for a gain of about 14.8% over the two days. Nvidia fell 4.3% on Monday and 5.47% on Tuesday, down roughly 9.5% in total. Broadcom was similar: Monday’s 8.8% gain was its best day in nearly a year, and it rose another 3.91% on Tuesday to close at 331.98.
Same AI basket, same CPI report, and yet this is how things played out.
So the sell-off over these two days hasn’t killed the AI story—it’s hit the uncertainty around Nvidia specifically. Until things are settled with Jensen Huang, big investors don’t want to carry the risk of a single company, so they’re switching within the sector, moving from Nvidia into stocks like Broadcom and AMD that don’t have “CEO news.” The money hasn’t left AI at all.
Crypto hasn’t been so lucky 😅
At least in AI, money is just moving around within the sector. In crypto, money is actually leaving. Spot BTC ETFs saw another $200 million in outflows on Monday. IBIT has had net redemptions for seven straight days, and there’s no sign of anyone rotating from BTC into other coins. ETH is down even more than BTC today.
Before Nvidia reports earnings on 11/17, I expect this split within the sector to continue. Whether BTC gets any of that risk appetite depends on how much AI money is still on the sidelines after that day.
#美股 #AI #比特币 $NVDA $AVGO $BTC