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Welcome to the US Cryptocurrency Morning News Brief – your essential review of the most important cryptocurrency developments for the day ahead.
Grab your coffee and settle down because markets are moving, and not in small ways. What started as another week full of earnings and economic data quickly turned into something more meaningful. Between Nvidia’s eye-popping numbers and JPMorgan’s latest predictions, traders are suddenly talking about an “all-in-one rally,” and even Bitcoin miners are waking up to the hype.
Today’s Cryptocurrency News: JPMorgan Expects ‘Growth Across the Board’ as Nvidia Earns $57 Billion in Q3 Revenue
JP Morgan’s trading department predicted an “all-in” rally after Nvidia beat expectations with quarterly revenue of $.57 billion A $65 billion guidance, resulting in a 5% increase in after-hours trading and adding more than $200 billion to the chip maker’s market capitalization.
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Nvidia’s stunning earnings report boosted confidence in the AI investment cycle. Gains scattered in chip manufacturers, and the value of Bitcoin rose to more than 91,000, as risk appetite returned to the markets after a multi-day slide.
Nvidia announced a stronger outlook for the fourth quarter, guiding revenue to $65 billion versus the $62 billion expected by analysts.
Nvidia’s positive report sparked gains in other chip makers. AMD, Micron, Broadcom and Intel all rose in after-hours trading, reflecting optimism for the semiconductor sector.
The results bolstered investor confidence that AI infrastructure spending remains on track despite recent volatility.
JP Morgan and Goldman Sachs see a buying opportunity
After the S&P 500 index fell 3.4% in four days, JPMorgan’s trading department issued an optimistic note. Andrew Tyler reiterated his buy-dip stance, emphasizing stable fundamentals and saying the investment thesis does not depend Federal Reserve policy is changing.
The bank highlighted Nvidia’s earnings and report Non-farm payrolls for September As major catalysts for potential new highs in the market.
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Goldman Sachs echoed JPMorgan’s optimism. Partner John Flood described the recent market decline as a “real buying opportunity” ahead of Nvidia’s earnings, anticipating a year-end rally.
Hedge funds have reduced risk, while discretionary investors remain free and willing to deploy capital, explained the investment firm.
November saw the S&P 500’s weakest performance since 2008, down 3% year-to-date.
Bitcoin mining stocks are growing on optimism about artificial intelligence
Bitcoin mining stocks such as Cipher Mining, IREN, and Hot 8 rose in pre-market trading following Nvidia’s strong lead. The increase reflects the growing recognition of the growing role of miners in… Artificial intelligence architecture and high performance computing.
| Company | Closes November 19th | Early market overview |
| IREN Limited (IREN) | $45.83 | $49.27 (+7.51%) |
| Cipher Mining Inc. (CIFR) | $4.67 | $6.35 (+35.97%) |
| Hut 8 Corp (HUT) | $37.54 | $39.60 (+5.49%) |
However, institutional investors, including Peter Thiel and SoftBank, have recently cut their stakes in Nvidia and major AI companies, signaling caution over rising valuations.
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A survey conducted by Bank of America revealed what you do 45% of fund managers see the AI bubble as the main threat to the markets. Global regulators, including the Bank of England and the International Monetary Fund, are warning of risks from potential bubbles in artificial intelligence and cryptocurrencies.
Skeptics question Nvidia’s shareholder value creation
Amid strong market enthusiasm, he expressed Investor Michael Burry He expressed his concern about the compensation of the shares of Nvidia. Perry has been examining the financials since 2018, highlighting the gap between reported profits and the real value that is created for shareholders.
Perry’s analysis suggests that stock compensation has obscured Nvidia’s true earning power. The company recorded net income of $205 billion and free cash flow of $188 billion as of 2018.
However, its shares increased by 47 million, even after a purchase of $ 112.5 billion. This dynamic raises questions about whether the stock numbers fully reflect shareholder value.
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This debate epitomizes the ongoing tensions in market sentiment. While JPMorgan and Goldman Sachs highlight strong fundamentals and structural demand for AI, pessimists point to valuation risks and headwinds.
As investors digest Nvidia’s results and changing economic data, the coming weeks will reveal whether the “all things come together” prediction will come true or not. The fluctuations continue.
Main points of the article
Main points of the article
A roundup of other US cryptocurrency news to follow today:
Main points of the article
| Company | Closes November 19th | Early market overview |
| Strategy (MSTR) | $186.50 | $191.88 (+2.88%) |
| Coinbase (COIN) | $257.29 | $263.38 (+2.37%) |
| Galaxy Digital Holdings (GLXY) | $25.76 | $26.75 (+3.84%) |
| MARA Holdings (MARA) | $11.10 | $11.48 (+3.42%) |
| RIOT Platforms | $13.35 | $13.76 (+3.07%) |
| Core Scientific (CORZ) | $15.39 | $16.36 (+6.30%) |
