"In light of the severe turmoil sweeping global markets, it is clear that what we are witnessing is not merely a transient corrective move, but rather a broad repricing of risk across the worlds of technology and artificial intelligence-whose repercussions are directly extending to digital assets, foremost among them Bitcoin, which is currently trading at $83,150. The volatility and uncertainty surrounding Big Tech, combined with the ambiguity of Federal Reserve policy, have pushed investors to reshuffle their portfolios."
"The sharp 4% drop in the Nasdaq during Thursday's session-despite Nvidia's strong results and optimistic forecasts-illustrates the deep concern investors feel about the massive costs of building AI infrastructure. Markets are no longer focused on quarterly profits as much as they are on the sustainability of those profits amid an aggressive race for data centers and companies' ability to shoulder long-term debt."
Severe global market turmoil represents a broad repricing of risk across technology, artificial intelligence, and digital assets, with Bitcoin trading at $83,150. Volatility in Big Tech and ambiguity about Federal Reserve policy have prompted portfolio reshuffling and driven Bitcoin's correlation with the Nasdaq to multimonth highs. Bitcoin has temporarily lost some of its alternative-asset identity and is moving with traditional market sentiment. A 4% Nasdaq decline despite Nvidia's strong results underscores investor concern about the massive costs of building AI infrastructure and the sustainability of profits amid soaring capital expenditures and debt. Elevated valuations resemble a defined bubble rather than an imminent crash.
Read at London Business News | Londonlovesbusiness.com
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