Artificial intelligence pieces (AI) were faced with an unexpected setback, because the long -awaited conference on GPU technology (GTC) of NVIDIA failed to ignite the enthusiasm that investors had hoped.
Despite the unveiling of the latest Nvidia IA chips, the IA cryptocurrency market experienced 2.8%. Meanwhile, Nvidia’s own stock also took a hit.
Ai Crypto Tokens Diaporde while the CEO of Nvidia reveals the new generation fleas at conference
The NVIDIA GTC conference in San Jose, California, has long been a pivotal event for technological industries and AI, often serving as a catalyst for market movements. This year, expectations were high while CEO Jensen Huang went on stage on March 18 to present the new generation of Nvidia fleas.
This included the Blackwell Ultra, ready to release in the second half of 2025. Huang also provided an overview of the company’s roadmap with the Vera Rubin and Rubin Ultra -planned chips for 2026 and 2027, respectively.
He highlighted the capacities of chips to advance the reasoning of the AI and the agenic AI systems designed to plan and act independently – Nvidia’s positioning as a leader in AI space.
“The past two to three years have seen a fundamental breakthrough in AI. We call it AI of agency,” said Huang.
The CEO previously highlighted the potential of AI agents, predicting that it becomes an opportunity for several billion dollars. This remark sparked an increase in AI agent tokens.
In fact, the tokens have experienced significant gains following a winning report from the Nvidia fourth in February. Thus, investors hoped for a similar impact from the conference. However, this time, the unveiling of the new material failed to reproduce this momentum.
While eight of the 10 best pieces of AI saw small earnings, it was not much. In addition, the latest data revealed a 2.8% drop in total market capitalization of cryptocurrencies linked to AI after speech. Among the sectors, AI applications experienced the most steep decline, displaying a two -digit drop of 17.6%.
The other affected sectors included the launch of the AI agent, who experienced a decrease of 9.5%, and AI agents, who fell 7.7%. In addition, the AI manager sector fell 2.1%. The Bittensor ecosystem was also faced with a lower, although smaller, at 1.7%.
The actions of NVIDIA (NVDA) reflected the disappointment of the wider sector. According to Google Finance, stocks dropped by 3.4% on Tuesday, which contributed to a drop in the start of the year of 14.0%.
The drop occurred in the middle of a wider market rout, with technological actions faced with the pressure of macroeconomic uncertainty and the feeling of change of investors.
The emergence of competitors, such as Chinese depth, which claimed to have built a profitable AI chatbot earlier this year, could also weigh on feeling, raising questions about Nvidia’s undisputed domination and impact in the AI sector.
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