South Korea’s 2nd largest chipmaker to invest $75B in AI through 2028

July 1, 2024 Coin Telegraph

South Korea’s 2nd largest chipmaker to invest B in AI through 2028

The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul.

SK Hynix, the second largest chipmaker in South Korea behind Samsung, will invest $74.6 billion over the next three years to develop memory chip technologies focused on artificial intelligence (AI).

Parent company SK Group will also seek to secure an additional $57.8 billion to further fund its AI endeavors by 2026, according to a report from Reuters.

Per the report, SK Group has “suffered heavy losses” as of late through both Hyinx and its vehicle battery subsidiary. The outsized investments, if the second is secured, will total nearly $133 billion — according to Companies Market Cap, Sk Hyinx alone only has a market capitalization of about $118 billion as of the time of this article’s publication.

Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target

Market Jitters: Analysts Warn of Looming US Stock Crash, Draw Parallels to 1929

June 23, 2024 Bitcoin.com

1929 crash

As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past […]

Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target

US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

June 17, 2024 Bitcoin.com

Appeal

The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of […]

Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target

Tesla investors sue Elon Musk for diverting resources, talent to xAI

June 14, 2024 Coin Telegraph

Coin Telegraph

Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

Tesla shareholders sued CEO Elon Musk and the vehicle maker’s board on Thursday, claiming Musk’s xAI startup is a “competing company” taking artificial intelligence talent and resources from the firm.

It comes the same day shareholders voted to restore Musk’s $44.9 billion pay package that a Delaware judge threw out in January.

Cleveland Bakers and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro filed the June 13 stockholder complaint in Delaware’s Chancery Court on behalf of Tesla.

Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target

Bitcoin vs. Buffett: BTC holders’ 104% CAGR dwarfs ‘steady growth’ portfolio

June 10, 2024 Coin Telegraph

Berkshire Hathaway

Since its trading debut in 2011, Bitcoin has delivered an impressive average annual return of approximately 104%, surpassing the returns of Warren Buffett’s portfolio and U.S. stock markets.

Comparing Bitcoin’s (BTC) compound annual growth rate (CAGR) with the returns achieved by Warren Buffett’s portfolio — with its top holdings being Apple, Bank of America, American Express, Coca-Cola and Chevron Corp — shows starkly different risk-reward profiles and performance over varying timeframes.

For instance, according to the data resource Lazy Portfolio ETF, Warren Buffett’s portfolio has obtained a 10.03% CAGR with a 13.67% standard deviation in the last 30 years. In comparison, United States company stock portfolios have more or less offered similar returns but with a higher standard deviation.

In other words, the Oracle of Omaha’s portfolio has returned impressive results despite being less volatile or risky than U.S. stock portfolios. His investment philosophy emphasizes long-term value investing, prudent risk management and a preference for fundamentally strong companies.

Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target

US Treasury: AI brings huge opportunities, risks to financial stability

June 6, 2024 Coin Telegraph

Coin Telegraph

Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come.

The United States Treasury is preparing for a whipsaw of risk and opportunity from the artificial intelligence (AI) sector in the years to come.

This was the theme as U.S. Treasury Secretary Janet Yellen gave the keynote speech at the Conference on artificial intelligence and financial stability. The event was hosted by the U.S. Financial Stability Oversight Council (FSOC) in partnership with the Brookings Institution on June 6-7.

According to FSOC, this is the first time in a decade that the council has hosted an event of this nature.

Elon Musk sets record straight on Nvidia AI chip shipments

June 5, 2024 Coin Telegraph

Coin Telegraph

The billionaire industrialist clarified that the south extension of Tesla's Giga Factory in Texas would soon be complete, allowing for more AI infrastructure.

Billionaire industrialist Elon Musk issued a response to a CNBC article, dated June 4, alleging that the Tesla CEO told Nvidia to prioritize artificial intelligence chips originally meant for Tesla to his privately owned X social media company.

In the article, CNBC claimed that emails provided to them from Nvidia indicate that Musk told the graphics processing and AI chip manufacturer to divert 12,000 Nvidia H100 chips from Tesla to X.

However, Musk has since responded to the article in several social media posts denying the claims and clarifying that Tesla had no need for the chips at this time—claiming that they would have sat idle in a warehouse collecting dust.

Nvidia doubles down on AI future as stock market cap tops $2.5T

May 23, 2024 Coin Telegraph

Nvidia doubles down on AI future as stock market cap tops .5T

The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers.

Semiconductor giant Nvidia has no plans to slow its artificial intelligence ambitions following bumper quarterly revenues, netting the firm a record $26 billion for the first quarter.

On May 22, Nvidia released its Q1 earnings report. Revenue jumped 18% from the fourth quarter last year and surged 262% from a year ago, beating analyst estimates of $24.6 billion.

The earnings saw NVDA stock prices surge to an all-time high in after-hours trading on May 22 of just over $1,000, pushing its market capitalization to over $2.5 trillion.

Bitcoin would need to hit $93K to flip Silver right now

May 20, 2024 Coin Telegraph

Bitcoin would need to hit K to flip Silver right now

Amazon

Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago.

Silver has staged an impressive comeback against Bitcoin (BTC) this year, surpassing the cryptocurrency as the 8th largest asset by market cap after losing its position in March.

The world’s second most valuable metal has rallied 33.4% since Bitcoin reached a record $73,737 on March 14, while Bitcoin has retraced 9.5%, according to CoinGecko.

As a result, Silver’s market cap of $1.83 trillion is now $500 billion more than Bitcoin’s, which is currently at $1.31 trillion, according to Companies Market Cap — meaning Bitcoin would need to rally 40% to $93,000 to flip Silver’s current market cap (if all else remains equal.)

Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

May 11, 2024 Coin Telegraph

Bitcoin volatility plunges below Tesla, Nvidia stocks amid 0K price prediction

bitcoin etf

Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.

Bitcoin's (BTC) volatility in the annual timeframe has dropped below that of top tech stocks, including Tesla, Meta, and Nvidia, signaling its growth toward becoming a more mature and stable asset class.

As of May 11, Bitcoin's 1-year realized volatility, which represents the standard deviation of returns from the mean return of a market, was at around 44.88%. In comparison, the annualized realized volatility of "magnificent seven" stocks such as Tesla, Meta, and Nvidia was over 50%.

Moreover, Bitcoin has shown relatively lower volatility compared to 33 of the roughly 500 companies in the S&P 500 index, noted Fidelity Investment in its latest report.

Nvidia

Share this video