Cathie Wood’s Ark Invest sold large stakes in major tech names including Meta and Nvidia and trimmed its Bitcoin ETF holdings as both stock and crypto markets weakened. The move underscores a more cautious posture from a firm known for high-conviction tech and crypto bets.
Jensen Huang’s GTC presentation laying out a $1 trillion chip strategy lifted Nvidia shares and helped drive gains across AI-focused cryptocurrencies as investors priced in stronger long‑term GPU demand.
NVIDIA unveiled BlueField-4 STX at GTC, saying it delivers up to 5x higher token throughput and 4x better energy efficiency for AI infrastructure, with major cloud providers already signed on. The platform is pitched to speed agentic AI workloads by placing high-performance storage closer to accelerators.
Nvidia reported $68 billion in quarterly revenue, a 73% year-over-year increase, sending the stock higher as analysts lifted price targets up to $300. The beat highlights sustained AI-driven demand for its chips and cloud infrastructure products.
Nvidia's latest results and cautious guidance triggered a risk-off move on Feb. 27, pushing Bitcoin lower as traders pared exposure to tech and crypto alike. The selloff underscores how AI-sector shocks can quickly bleed into digital-asset markets.
Nvidia beat expectations with $68 billion in revenue last quarter and guided to $78 billion next quarter, sending its stock sharply higher. The rally spilled into AI-focused crypto tokens and tokenized compute projects tied to GPU demand.
NVIDIA unveiled the Universal Sparse Tensor (UST) framework to standardize sparse data handling across deep learning and scientific computing, aiming to improve performance and interoperability.
Analysts report North Korea is using prohibited Nvidia GPUs to supercharge AI-driven attacks on digital assets, drawing on decades of state-led AI research. The move complicates sanctions enforcement and raises new risks for exchanges and custodians.
Nvidia posted record Q3 revenue, easing fears of an AI bubble and triggering a broad risk-on move that lifted tech shares and major cryptocurrencies.
Over 160,000 traders were liquidated in 24 hours, generating $613 million in losses after Ethereum fell below its 20-day moving average. Panic accelerated when SoftBank sold Nvidia shares, amplifying volatility and putting key ETH supports at risk of breaking toward $3,000.