🤖 Crypto's next big test may come from AI stocks
Last week the Nasdaq fell 3.4% as AI chip stocks slumped: Micron -22%, Sandisk -27%. Crypto fell right along with them.
This week, three AI infrastructure names report:
🔹 Wed Nov 11: CoreWeave
🔹 Fri Nov 13: Cisco and Nebius
Strong numbers could calm the AI trade, and crypto has been moving with it. Weak ones could restart the selling.
Also watch Nvidia: its board opened an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence operation. The board says it has no reason to think company secrets were compromised.
$BTC
#AIChipSlumpNasdaq
📷 Photo: Alexandre Debiève / Unsplash
Last week the Nasdaq fell 3.4% as AI chip stocks slumped: Micron -22%, Sandisk -27%. Crypto fell right along with them.
This week, three AI infrastructure names report:
🔹 Wed Nov 11: CoreWeave
🔹 Fri Nov 13: Cisco and Nebius
Strong numbers could calm the AI trade, and crypto has been moving with it. Weak ones could restart the selling.
Also watch Nvidia: its board opened an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence operation. The board says it has no reason to think company secrets were compromised.
$BTC
#AIChipSlumpNasdaq
📷 Photo: Alexandre Debiève / Unsplash
