The post Don’t panic over tech, AI stocks selloff, analysts dismiss fears appeared com. There was a clear change in mood across world markets on Wednesday as tech stocks experienced sharp declines from record highs, and some stretched valuations. Until this week, traders had been happy to overlook warnings, rising prices and doubts about whether the most popular companies had justified the surge in their share prices. Now, the drop has forced investors to reflect on whether the gains had gone too far and too fast. However, even with some large names losing billions in value in a matter of hours, most heavyweight fund managers insisted this was not a full-blown crisis moment, but more of a short wobble after a long winning streak. Experts still favor AI and tech stocks Shares across Asia were sold down for the second day in a row and indices in Seoul and Tokyo were roughly 5% below earlier highs logged only on Tuesday morning. Nasdaq futures were also weaker, even after the US benchmark had already fallen 2% the day before. The names taking the biggest hit were the same stocks that had ridden the boom on the way up. Nvidia, which only a year or two ago was little known outside specialist circles, has since become the most valuable company on the planet due to the AI rush. The company slid nearly 4% on Tuesday, and was around 7% below last month’s top. Palantir, another strong favourite during the boom, fell almost 8% on the day and then slipped a further 3% in after-hours trade. Some managers blamed timing, with the year-end window in sight, there is little incentive to let paper gains reverse if the market begins to swing the wrong way. One investor in Hong Kong said this was more about locking in profits than abandoning AI. Another in Sydney said he was.
Tag: experienced
The post Massive Bitcoin Ethereum (ETH) and altcoins were about to fully recover, a new wave of decline is coming and sharp declines are experienced. One of these sharp declines occurred last night, with BTC falling to the $103,000 level. The recent decline in Bitcoin and altcoins has also mobilized whales, with some whales selling in panic and others buying at the bottom. According to Lookonchain’s post, the whale, which first earned $192 million by opening short trades during the crash on October 11, resurfaced in the latest decline. The whale known as the “Hyperliquid whale” opened a long position after yesterday’s drop. According to on-chain data, the whale opened a 3x long position in Bitcoin and Ethereum. Another whale, “Whale0x4F12,” deposited 500, 000 USDC into HyperLiquid and opened a 3x long position for 1. 53 million ASTER (worth $1. 48 million). The liquidation price was reported as $0. 7188. However, the giant whale named Owen Gunden deposited 1, 289 BTC worth $138. 2 million to Kraken. Seeing the market decline as a buying opportunity, the mysterious whale “7 Siblings” spent 52. 47 million USDC in the last 12 hours and bought 14, 254 ETH at a price of $3,681. On the other hand, the whale with the address “0x1b57” lost $2. 15 million by selling the 5, 570 ETH he bought for $19. 56 million 5 days ago! Again, according to Lookonchain data, multiple whales purchased BTC in the last 6 hours. ” Whale 37BnFf, who has been dormant for a year, withdrew 800 BTC (worth $85. 5 million) from Binance and OKX. • A new wallet, 3Qus8D, withdrew 190 BTC (worth $19. 76 million) from Binance. • Whale bc1qr9 withdrew another 174 BTC (worth $18. 64 million) from Binance 6 hours ago and currently holds 3, 036 BTC (worth $315 million). *This is not investment advice. account now.
‘Battling Between Good and Evil’: Ex-Wife of DMX on Marriage, Struggles, and the Day She Met Jesus