AI Insider·
Nvidia’s stock has fallen 15% since its May peak, even as projected revenue continues to grow, leaving the company trading cheaper relative to earnings than the S&P average. Meanwhile, memory chipmaker Micron has nearly tripled in value over the same period, as high-bandwidth memory emerges as a new bottleneck for AI data centers. The shift […]
Read full articleNvidia's reaffirmed roadmap and AI investments bolster market confidence, potentially stabilizing crypto markets and supporting decentralized computing. The post Citi reiterates Nvidia buy rating at $300 target as analysts move to quash product delay rumors appeared first on Crypto Briefing.
The post Backpack Expands Tokenized Equities with 24/7 Trading appeared on BitcoinEthereumNews.com. Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, allowing international investors to trade stocks including SpaceX, Micron and SanDisk around the clock. Under the initial offering, Backpack said that investors would receive direct ownership of the underlying securities rather than synthetic exposure, with trades settling instantly and funded in fiat currency or stablecoins. The initial offering includes a limited selection of US equities, with additional stocks planned. The company also offers Solana-based tokenized versions of the securities, which can be transferred between wallets, used in decentralized finance applications and converted 1:1 into the corresponding shares through Backpack. Backpack said the service is available to investors in more than 150 countries and regions and that trades are backed by liquidity from traditional exchanges. The
Rising AI demand boosts AMD's market potential, enhancing decentralized compute networks and challenging Nvidia's dominance. The post Analysts raise AMD price target amid soaring AI demand, with implications for decentralized compute appeared first on Crypto Briefing.
The 24/7 trading model could revolutionize global investment strategies, enhancing liquidity and real-time price discovery for US equities. The post Backpack launches 24/7 market for US equities with SpaceX, Micron, and SanDisk appeared first on Crypto Briefing.
The post SK Hynix’s US IPO puts focus on memory stocks appeared on BitcoinEthereumNews.com. There have been two competing theories on how Friday’s SK Hynix US debut will affect the two leading US memory chip stocks, Sandisk (SNDK) and Micron (MU). The first posits that investors will sell some of their holdings in the US companies in order to include the South Korean competitor. The second views the three as similar horses that should all benefit from the ongoing global memory shortage that has provided the sub-sector of the semiconductor industry with exploding margins and profits. The first theory seems to be the leading contender on Friday as SK Hynix is set to begin trading under the ticker SKHY sometime during the regular session. Both Micron and Sandisk shed some weight in the early going on Friday. The broader market is waxing and waning between positive and negative territory as the NASDAQ Composite and Dow Jones Industrial Average both search for direction. SK Hynix prices US
The post Jensen Huang Sees AI Agents Redefining the Future of Software Work appeared on BitcoinEthereumNews.com. Huang says AI agents move engineers from routine coding to system design and automation. Agentic systems create new skills as developers build AI tools for workplace tasks. Huang rejects extreme AI fears and urges balanced warnings from technology leaders. Nvidia CEO Jensen Huang said AI is changing software engineering by moving developers away from repetitive coding. He said engineers are now building agents, systems, and tools that could automate complex work across the workplace. In an interview published by Nvidia on Wednesday, Huang said “agentic systems” are creating a new category of technical skills. He said many software engineers are now working on agents instead of routine coding tasks. AI Agents Redefine Software Engineering Roles Huang said agentic systems are creating new technical skills, with many software engineers now focused on building agents. He add
KYEC's potential US investment underscores the strategic shift in global semiconductor supply chains, emphasizing AI's growing economic influence. The post King Yuan Electronics plans up to $1.4 billion US facility investment amid Nvidia AI chip boom appeared first on Crypto Briefing.
Backpack's 24/7 trading could revolutionize global equity access, but regulatory and liquidity challenges may impact its widespread adoption. The post Backpack expands 24/7 trading for select US equities, including SpaceX, Micron, and SanDisk appeared first on Crypto Briefing.
