Oh boy, it’s a bloodbath out there! Nvidia and the AI chipmaking gang are taking a beating after Alibaba’s shiny new AI model hit the scene. Market caps for AI tokens? Let’s just say they’re not looking too hot either. 🚨
Nvidia stock is down 5.7% today, and if you’re keeping score at home, that’s nearly 18% down for the year. Ouch! According to Yahoo! Finance, it’s the worst monthly performance since June 22. Yikes! 📉
Now, don’t get me wrong, Nvidia’s Q4 earnings for 2024 were a real showstopper, raking in a cool $39.33 billion, which is a 78% jump year-over-year. Analysts only expected $38.25 billion, so take that, analysts! 🎉
But wait, there’s a twist! Investors are scratching their heads because DeepSeek, Nvidia’s new toy, is supposed to boost demand for their chips. Instead, it’s got everyone worried sick. And don’t even get me started on those lower-than-expected profit margins. Nvidia’s making a big bet on their new Blackwell GPUs, and we’re all holding our breath. 🤑
Now, here’s a doozy: tariffs on Taiwan, where Nvidia makes its AI chips, could be the next big headache. More expensive chips? Less profit? It’s enough to make you want to pull your hair out. And let’s not forget about those pesky U.S. restrictions that could cramp Nvidia’s style with Chinese customers. 🌉
Jim Cramer had a field day, sarcastically calling Nvidia buyers a “clownshow.” Hey, at least he’s honest! 😂
Clownshow buyers of nvidia, it went negative… now ok
— Jim Cramer (@jimcramer) March 5, 2025
As for the AI & Big Data tokens, they’re not having a great time either. Market cap down by almost 5% in a day and 9% in a month? It’s like a bad dream! Investors are jumping ship, worried that a slowdown in AI hardware could leave decentralized AI projects high and dry. 🚢
Story Protocol (IP) and Render (RENDER) got a serious beatdown, down 9% and 4% respectively. And if you thought that was bad, Near Protocol (NEAR) and Virtuals Protocol (VIRTUAL) got it worse, down 6% and 12%. It’s like watching a trainwreck in slow motion. 🚉
When Nvidia sneezes, the whole market catches a cold. The earnings were great, but global uncertainty is like a party pooper, bringing down the AI chip giant and its crypto cronies. 🎈
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2025-03-07 17:09