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It’s no secret that artificial intelligence (AI) stocks have dominated the market in recent years. Companies like PwC, one of the “big four” accounting firms, are pushing the hype as they claim AI could add $15.7 trillion to the global economy by 2030. Of course.Revolutionary icon Nvidia (NASDAQ: NVDA) stock has soared nearly 1000% since late 2022 to date, but the past few months haven’t been much better. Nvidia’s stock price has fallen about 10% since hitting an all-time high in June. For some, the mix of deeper market concerns and slower growth is dampening once-red hot stocks. So where…
On October 7th, the Nvidia AI Summit begins, a major event for the entire industry. It’s no secret that artificial intelligence (AI) stocks have dominated the market in recent years. Companies like PwC, one of the “big four” accounting firms, are pushing the hype as they claim AI could add $15.7 trillion to the global economy by 2030. Of course. Revolutionary symbol Nvidia (NVDA 1.69%) has seen its stock price soar nearly 1,000% since late 2022 to date, but things haven’t been so calm in recent months. Nvidia’s stock price has fallen about 10% since hitting an all-time high in…
For years, online gamers have been stuck in an endless loop of recycled games, questionable fairness, and lack of control over the experience. In many ways, games are just flashy graphics and lukewarm entertainment to keep you hooked.BC.Game is a leader in crypto gaming innovation and a major LCFC cryptocurrency sponsor of Leicester City FC. LCFC aims to disrupt this status quo with powerful blockchain-based innovations.Born from hardcore gamers with a deep-rooted background in technology, this platform is a unique wonder in the online gaming space. One of the few platforms that offers a sportsbook, casino, and lottery all under…
Litecoin (LTC) continues to prove itself as a leader in the cryptocurrency payments space, overtaking major digital assets such as Bitcoin (BTC) and Ethereum (ETH). According to recent data from BitPay, Litecoin has topped the chart as the top choice for transactions, holding a high share of 37% of all payments made with cryptocurrencies. The use of cryptocurrencies is increasing because they can be used for fast payments at fairly low prices. This makes it the best option for individual users and businesses looking for a cheaper way to carry out online transactions compared to other currencies. Litecoin usage compared…
Advanced Micro Devices, Inc. (NASDAQ:AMD) stock has increased 22.61% year-to-date, despite facing short-term headwinds in its Q1 earnings report. This upward trend is expected to continue. Here are AMD’s recent developments:AMD has launched EPYC embedded 8004 series processors designed for low-power applications such as embedded networks and industrial servers. These processors offer a variety of configurations and are more energy efficient, making them suitable for cost-conscious environments.The Federal Reserve’s recent decision to cut interest rates by 50 basis points is also believed to have boosted investor sentiment and contributed to the broader market rally, benefiting tech stocks such as AMD.AMD’s…
Bitcoin rose 3% to over $62,000 on Friday after a better-than-expected jobs report, capping a volatile week for the most popular cryptocurrency. The United States added a surprising 254,000 jobs in September, more than the 140,000 that some economists had expected, demonstrating the strength of the overall American economy. The jobs report also makes the outlook more bullish for Bitcoin, which fell 6% earlier this week to about $60,000 due to instability in the Middle East. Bitcoin gradually rose in the lead-up to the release of employment data. According to data collected by CoinGecko, the top cryptocurrency fell slightly in…
Current Ethereum price predictions suggest that it may fall before rising. Ethereum (ETH) has been facing significant volatility recently, declining 10.8% over the past week after failing to sustain a strong rally above $2,700. The price is currently hovering around $2,389, showing signs of recovery, but crypto analysts are divided on the future of the second-largest cryptocurrency by market capitalization. Symmetrical triangle pattern and potential price action A prominent crypto analyst known as Trader Tardigrade recently highlighted that Ethereum may be forming a “symmetrical triangle bottom,” a technical pattern that could signal a reversal in price trends. However, analysis shows…
Asset manager Bitwise is streamlining three of its futures-based crypto ETFs, combining them into a single product in December, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Friday. They plan to package it into a product. The fund’s strategy, called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, involves periodically shifting exposure between assets such as Bitcoin and Ethereum futures contracts and U.S. Treasuries. According to the company, these changes are motivated by “proprietary signals” that look at several moving averages of cryptocurrency prices.The new funds are Bitwise Bitcoin Strategy Optimum Roll ETF (BITC),…
On October 4th, the overall cryptocurrency market showed a divergent trend, growing following an unexpected increase in US job creation reported by the Department of Labor. Bitcoin was seen trading above $62,200 on the back of broad stock market gains. In this case, the high volatility and day-to-day divergence was the impact of the September nonfarm payrolls report showing that the U.S. economy added 254,000 jobs, much more than expected by 147,000. Meanwhile, the unemployment rate fell to 4.1%. Cryptocurrency market volatility reflects global uncertainty amid war and inflation The strong jobs report reassured investors that the U.S. economy was…
Stocks soared on Friday as investors welcomed a key monthly jobs report that showed hiring remains robust in the US economy. The Middle East crisis and a return to work at US ports also stayed in high focus.The S&P 500 (^GSPC) added 0.9%, while the Dow Jones Industrial Average (^DJI) gained more than 300 points, or 0.8%, eking out a new record. The tech-heavy Nasdaq Composite (^IXIC) moved 1.2% higher.The September jobs report massively overshot expectations, as the US economy added 254,000 jobs last month and the unemployment rate fell to 4.1%. Altogether, the report showed the labor market remains…