Nvidia's Make-or-Break Earnings Could Be Huge for AI-Tied Crypto Tokens

If the chipmaker can prove that AI is becoming a major moneymaker, that wouldn’t just be a boon for the tech firms that are adopting the technology en-masse, but also for AI-related crypto tokens' sentiment, at least in the short term.

Today's earnings could also show how AI may change corporate strategy at crypto miners. While the equipment they use is fine-tuned for crypto and cannot necessarily be shifted over to processing AI, their expertise and physical space in data centers could help them dive into AI. Miners like Applied Digital , Iris Energy , Hut 8 and Hive have already started to revitalize their data centers to accommodate AI and other computing services as mining has become less profitable during the prolonged bear market. As investors have also been

of some publicly traded miners for pivoting into AI, depending on how the guidance from Nvidia goes, the prices of these mining stocks could also be affected.

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Nvidia options show traders positioned for outsized share move after earnings By ReutersNvidia options show traders positioned for outsized share move after earnings
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Nvidia options show traders positioned for outsized share move after earningsTraders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »