EddieJayonCrypto
19 Mar 25
The highly anticipated GPU Technology Conference (GTC) by Nvidia led to a 2.8% decline in the AI cryptocurrency market, despite the unveiling of Nvidia’s latest AI chips. Nvidia's own stock also fell by 3.4%. The unveiling of new hardware failed to replicate previous momentum, with AI-related crypto...
Nvidia's GPU Technology Conference (GTC) led to a 2.8% decline in the AI cryptocurrency market and a 3.4% fall in Nvidia's stock, despite the unveiling of new AI chips. Macro-economic uncertainty and the emergence of competitors like China’s DeepSeek were attributed to this disappointment.
Despite high expectations, Nvidia's CEO Jensen Huang's unveiling of next-gen AI chips at the GTC failed to generate the anticipated momentum in the AI cryptocurrency market and Nvidia's stock. The announcement had focused on Blackwell Ultra, Vera Rubin, and Rubin Ultra chips, highlighting advancements in AI reasoning and agentic AI.
As a result, AI-related cryptocurrencies experienced a 2.8% decline in market capitalization, with AI Applications leading the decline at 17.6%. Nvidia's stock mirrored the sector's disappointment, falling 3.4% and contributing to a year-to-date decline of 14.0%.
Competitive pressure from DeepSeek and macroeconomic uncertainty were seen as contributing factors to the market's reaction to Nvidia's announcements at the GTC conference.