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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