BTC $80,086.03 -1.45%
ETH $2,322.17 -1.59%
BNB $740.46 -2.30%
XRP $1.29 -2.49%
SOL $100.50 -1.95%
TRX $0.3312 -0.16%
DOGE $0.0785 -1.76%
ADA $0.2007 -2.86%
BCH $280.64 -5.70%
LINK $11.59 -1.31%
HYPE $86.24 +5.94%
AAVE $132.96 -1.23%
SUI $0.9243 -1.56%
XLM $0.1698 -0.88%
ZEC $1,265.33 -2.89%
AAPL $348.38 +0.75%
AMZN $251.96 -0.90%
GOOGL $290.44 -10.76%
MSFT $540.73 +2.14%
META $620.22 -0.25%
NVDA $214.85 -2.24%
TSLA $404.21 -1.28%
SNDK $1,374.37 +0.16%
INTC $92.63 -3.07%
SPCX $143.69 -3.91%
MU $960.60 -0.70%
AMD $565.87 -0.85%
BTC $80,086.03 -1.45%
ETH $2,322.17 -1.59%
BNB $740.46 -2.30%
XRP $1.29 -2.49%
SOL $100.50 -1.95%
TRX $0.3312 -0.16%
DOGE $0.0785 -1.76%
ADA $0.2007 -2.86%
BCH $280.64 -5.70%
LINK $11.59 -1.31%
HYPE $86.24 +5.94%
AAVE $132.96 -1.23%
SUI $0.9243 -1.56%
XLM $0.1698 -0.88%
ZEC $1,265.33 -2.89%
AAPL $348.38 +0.75%
AMZN $251.96 -0.90%
GOOGL $290.44 -10.76%
MSFT $540.73 +2.14%
META $620.22 -0.25%
NVDA $214.85 -2.24%
TSLA $404.21 -1.28%
SNDK $1,374.37 +0.16%
INTC $92.63 -3.07%
SPCX $143.69 -3.91%
MU $960.60 -0.70%
AMD $565.87 -0.85%

stocks

All
Article
Flash

first_img Visser Labs Founder: Cryptocurrency Assets May Outperform AI Stocks

According to Cointelegraph, Jordi Visser, founder of Visser Labs, former Managing Director at Morgan Stanley, and Chief Investment Officer at Weiss, stated in the Cointelegraph podcast "Trade Secrets" that crypto assets may yield better returns from the AI boom than AI stocks. He believes that AI entities are creating demand for crypto payments and tokenized assets, stating, "Without AI, the crypto market will not emerge from this bull market."Visser compared AI entities to the App Store or smartphones in the crypto industry, where users can instruct the entities to execute financial operations such as trades on their behalf. He also cautioned about risks: if AI experiences a severe downturn and drags down the stock market, it could cause the crypto market to retest previous lows, but it would not end the bull market. He mentioned that the "fireworks show" of AI has ended, not the end of AI itself, and investors should lower their expectations for returns from AI stocks.In terms of holdings, as of August, Visser only held Bitcoin, Ethereum, and Solana, and then began buying a broader range of tokens, with Bitcoin still being his largest position. He is watching Dogecoin as a signal of retail enthusiasm returning and maintains an equally weighted index composed of 42 tokens and 4 publicly traded stocks, which has outperformed Bitcoin since June. He has also positioned himself in privacy themes, believing that Zcash and Monero align with his investment logic.

A-share closing review: The ChiNext Index fell over 3%, with more than 4,900 stocks declining

According to reports from the Financial Associated Press, the three major indices of A-shares quickly fell back in the afternoon, with the ChiNext Index dropping over 3%, after previously rising more than 1%. The trading volume in the Shanghai and Shenzhen markets was 1.46 trillion yuan, a decrease of 147.8 billion yuan compared to the previous trading day, with over 4,900 stocks in the entire market declining.On the market, in the robotics sector, Duolun Technology, Saifutian, and Xiangyang Bearing achieved four consecutive trading limits, while Guangyang Co. achieved two consecutive trading limits, and Dayang Motor reached its daily limit. In the consumer sector, food and beverage and retail led the gains, with Guifaxiang, Sunshine Dairy, and Qingdao Food achieving two consecutive trading limits, and Maoye Commercial and Guangbai Co. reaching their daily limits. The banking sector strengthened during the day, with Shanghai Rural Commercial Bank rising over 4%, reaching a new high for the year, while China Construction Bank and Industrial and Commercial Bank of China set new historical highs.On the downside, the pharmaceutical sector weakened, with Lingkang Pharmaceutical and Wanze Co. hitting their daily limits, and stocks like Nearshore Protein and Shiyao Innovation experiencing significant declines. The edge-side AI concept saw fluctuations and adjustments, with Yidao Information hitting its daily limit, and companies like Xingchen Technology and Yiwei Communication also falling. By the close, the Shanghai Composite Index fell by 1.33%, the Shenzhen Component Index fell by 2.5%, and the ChiNext Index fell by 3.41%.

first_img Morgan Stanley: The adjustment of chip stocks has entered its final stage, with a year-end target of 8000 points for the S&P 500

Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.
app_icon
ChainCatcher Building the Web3 world with innovations.