- Investors have invested a lot of money in technology stocks as a result of the development of AI.
- Due to the demand for powerful processing chips for use in cryptocurrency mining, Nvidia passed the $1 trillion mark.
- AI cryptocurrencies now have a $4.27 billion market cap.
The advancement of artificial intelligence has led investors to pour a large amount of money into technology stocks, according to Bank of America (BofA). They said, “The frenzy over artificial intelligence-linked stocks has gone too far but won’t die down just yet.”
Investors are acquiring shares in technology companies such as Nvidia, which recently rose to a $1 trillion net-worth company.
NVIDIA is known for developing integrated circuits, which are used in everything from electronic game consoles to personal computers (PCs). The company is a leading manufacturer of high-end graphics processing units (GPUs).
Eventually, its value increased with the growth of cryptocurrencies and AI due to Nvidia’s superior processing power in its chips and machine learning capabilities.
After observing the rise of OpenAI’s ChatGPT and DALLE, an AI chatbot and an image generator tool based on wri…
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The post Investors Fuel Tech Stock Frenzy Amid AI Advancements and Crypto Surge appeared first on Coin Edition.