The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus.
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Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value.
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The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%.
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Google’s parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout.
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