The post Bank of America Backs Nvidia Stock With $350 Target as Forward Multiple Hits 7-Year Low appeared on BitcoinEthereumNews.com.
Key highlights: Bank of America is still predicting a 78% upside for Nvidia shares The stock is currently trading at about 18x forward earnings, its lowest valuation in seven years BofA said the market is underestimating the company’s pricing power The potential end of the AI boom has been a major talking point in the market recently. Investors like Michael Burry have been making claims that the AI rally is coming to an end. Bank of America has come out to say these concerns are a new buying opportunity for investors. The bank reiterated its Buy rating and maintained a $350 price target on Nvidia. They said that the company’s current valuation does not tell the full story of its growth potential in the long term. Nvidia valuation reaches a multi-year low Interestingly, one of the biggest reasons Bank of America is bullish is the stock’s low valuation.
The post Fed blames AI boom for rising inflation appeared on BitcoinEthereumNews.com.
As crypto traders brace for zero Federal funds rate cuts in 2026, the FOMC (Federal Open Market Committee) Meeting Minutes for June, released on July 8, show the Fed is wary of the AI (Artificial Intelligence) boom regarding rising inflation. According to the latest Fed’s FOMC report, the first under Chair Kevin Warsh, the ongoing AI stocks boom has contributed to rising inflation. The Fed’s FOMC, analyzed by Finbold on July 9, shows the Fed under Chair Warsh is concerned about the AI buildout. Furthermore, the Fed noted that the notable investments in AI stocks, amid the conflict in the Middle East, has impacted asset prices. As such, the Fed is titled hawkish in the near term, with some members signaling a potential Federal rate hike in 2026. However, the Fed commended the memorandum between the United States and Iran, noting that it has lowered inflation amid rising risks of an AI stock market cras
New York's AI companies are embedding AI into industries the city already runs: trading floors, hospital records, compliance desks. This list of 25 names, from Hugging Face to Dataminr, maps what that looks like in practice, and why the city's AI economy no longer needs Silicon Valley's permission.
Gopher can’t play the piano for you, but it can bury it in the mix. | Image: Image Line
Last year, Image Line introduced Gopher for FL Studio, an AI chatbot that was basically a glorified instruction manual. You asked it how to do something, and it would serve up the relevant instructions. It's the kind of thing I actually use AI for on a semi-regular basis. But in the new release, Gopher can actually execute actions on your behalf. I was able to ask Gopher to lay down a four-on-the-floor kick, with snares on the backbeat, then add a gated reverb on the snare for that '80s pomp, and it executed the instructions flawlessly.
Gopher does have some limitations. It can't create and draw automation for you. It can't insert notes or …
Read the full story at The Verge.
AI promised to make software development faster, but for many enterprises, it has also created a new management challenge: developers increasingly rely on a mix of coding assistants, AI agents, and models that operate in isolation, making it harder for engineering leaders to govern usage, share knowledge, and control costs.
JetBrains has sought to address these challenges with a new suite of tools and capabilities named JetBrains AI for Teams and Organizations that supports nearly all coding tools, their respective CLIs, and most IDEs, such as Claude, Codex, Gemini, Junie, IntelliJ, Pycharm, and Rider, with support for VS Code to be added soon.
The suite, which consists of capabilities like team automations and cloud agents, JetBrains Context, JetBrains Central, and JetBrains Central CLI, will allow enterprises to manage AI-assisted software development from a single control layer while allowing developers to continue using their preferred coding assistants and IDEs, Oleg Koverznev, he
Ken Griffin's AI optimism signals a transformative shift, potentially democratizing innovation and challenging established market leaders.
The post Citadel’s Ken Griffin went from calling AI ‘garbage’ to predicting a golden age in five months appeared first on Crypto Briefing.
The post KPMG: 29% of senior business leaders struggle to understand and control AI costs appeared on BitcoinEthereumNews.com.
KPMG’s Global AI Pulse for the second quarter of 2026 found that nearly a third of corporate leaders cannot understand or control what their AI systems cost to run. Companies that laid off employees and restructured their budget in favor of what they expected to be cheaper AI technology are now being charged by the token, leading to massive AI spending bills. Is AI too expensive for companies to use? KPMG polled 2,145 C-suite and senior business leaders across 20 countries for its quarterly Global AI Pulse survey. The results show that 29% of executives struggle with operating costs, especially as AI use grows past the testing stage to using it on a large scale. A separate third of respondents named their own thin grasp of AI economics as an obstacle to rolling out AI agents at all. The main reason for this struggle is that AI companies are now charging bas
The post Morning Minute: Paradigm Raises $1.2B Fund as Crypto’s Top VC Pushes Into AI appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors slightly rebound as Iran tensions ease; BTC +1% at $62.7k ARB (+13%) and LIT (+10%) lead alt movers BNB shares plans for new L1 focused on AI agents and quantum Robinhood Chain does $500M+ in DEX volume as meme mania continues Paradigm raises $1.2B for new AI fund 💸 Paradigm Raises $1.2 Billion Fund as Crypto’s Top VC Pushes Into AI Paradigm raised a $1.2 billion fund to invest in what it calls the “technical frontier,” expanding beyond crypto into AI and robotics. Founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam, Paradigm built its nam
