Nvidia posts historic one-day loss after US antitrust subpoena
US antitrust officials are reportedly worried that Nvidia is penalizing buyers that don’t exclusively use its computer chips, a claim Nvidia rebuffed. Go to Source
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Bitcoin price loses traction as miner profits drop and spot BTC outflows persist
Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows. Go to Source
Crypto Biz: Telegram and OpenSea on authorities’ radar
This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising. Go to Source
Apple, Nvidia among prospective investors in OpenAI’s multibillion-dollar fundraising
Tech giants such as Apple, Nvidia and Microsoft are investing in OpenAI’s upcoming funding round, which could raise its valuation to over $100 billion. Go to Source
Nvidia Q2 revenue beats expectations in record-setting boost to AI sector
The company expects next quarter to be even better with improvement expected across nearly every vertical. Go to Source
Bubble or Rocket? Nvidia’s Q2 earnings could set tone for AI industry
Some analysts are calling this the biggest event of the year for the US economy. Go to Source
Big tech is prepping an explosive pivot to robotics
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry. Go to Source
Analysts come unglued ahead of Nvidia earnings call — $10 trillion within 5 years
The September 28 earnings report is being called the most important event of the year for the stock market. Go to Source
Supreme Court Urged to Protect Crypto in Nvidia-Backed Legal Fight
The Digital Chamber filed an amicus brief on Tuesday in support of Nvidia Corp. It focuses on the implications of the Ninth Circuit’s decision for the cryptocurrency industry. The brief argues that the Ninth Circuit’s approach to pleading standards under the Private Securities Litigation Reform Act (PSLRA) could severely impact emerging technology sectors, especially cryptocurrency. … Read more
Nvidia crypto sales case could see flood of ‘frivolous’ lawsuits — Advocate body
Crypto advocates The Digital Chamber has backed Nvidia in a Supreme Court fight with investors, saying the court’s decision could affect the entire crypto industry. Go to Source