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Tom Lee Says ‘Buy The Dip’ In NVDA After Huang Exit Even As Bitcoin Plunges Below $70,000: ‘Best Risk/Reward In AI’
Lee cited Nvidia’s chip-design lead, CUDA ecosystem, engineering talent and buyback capacity, calling it AI’s best risk-reward.
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Tom Lee Says ‘Buy The Dip’ In NVDA After Huang Exit Even As Bitcoin Plunges Below $70,000: ‘Best Risk/Reward In AI’
Lee cited Nvidia’s chip-design lead, CUDA ecosystem, engineering talent and buyback capacity, calling it AI’s best risk-reward.
Stocktwits
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Long-term investors might see the current trading range for Ethereum as an accumulation opportunity, analysts said.
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The Korea Exchange suspended program sell orders for five minutes after KOSPI 200 futures fell 5.08%, triggering a sell-side sidecar for the first time since Aug. 19
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Analyst Ted Pillows sees $2,800 as a key level for Ethereum, saying a weekly close above it could confirm further upside.
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Tom Lee-backed Bitmine now holds 4.9% of the supply of all the Ethereum in circulation.
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Tom Lee said easing oil prices and more stable bond yields have reduced recent market pressure, while bearish sentiment and oversold conditions could provide fuel for a sharp stock rally in September.
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Grayscale’s Bitcoin-free Next Gen portfolio gives XRP the second-largest allocation at 26.11%, behind Ethereum.
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Ethereum is up about 58% in the third quarter, putting it on track to snap its first-ever three-quarter losing streak.
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Visser referred to Bitcoin as the “S&P 500 of the crypto world,” and saw it as a significant store of value in the digital economy.
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Hayes believes a move above $3,000 could trigger reflexive buying and potentially send Ethereum toward the $5,000 level.
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