Nvidia has surpassed Bitcoin in search interest, according to Glassnode lead analyst James Check. The chipmaker has seen a significant increase in market capitalization, overtaking Microsoft as the most valuable company in the world. Nvidia’s stock has risen by 162% on the current AI boom, with the company dominating the GPU chip market. Despite the surge in demand, Wall Street is struggling to predict Nvidia’s revenue due to uncertainty around GPU sales. The company’s stock is now the most expensive in the S&P 500, leading some analysts to raise concerns about a potential tech bubble similar to that of Cisco in 2000. CEO Jensen Huang is worried about Nvidia becoming a fad like Cisco, with concerns about limited space in data centers for installing AI chips. As a cryptocurrency expert, trader, and journalist, Alex Dovbnya has extensive experience covering the industry and regulatory trends that are shaping the future of digital assets.
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