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SoftBank Dumps Entire $5.8B Nvidia Stake to Double Down on OpenAI Bet

The Japanese giant is betting $40 billion on OpenAI’s path to profitability as Wall Street questions whether AI spending will pay off.

🔗 Source

💡 DMK Insight

With ETH at $3,431.40, the $40 billion bet on OpenAI by a major Japanese firm signals a growing confidence in AI’s potential, which could influence crypto markets. Traders should consider how this investment might affect Ethereum’s price, especially given its ties to decentralized applications and AI integrations. If AI continues to gain traction, we could see increased demand for ETH as developers build on its network. However, skepticism from Wall Street about AI profitability could lead to volatility in both AI and crypto sectors. Watch for ETH to hold above the $3,400 support level; a drop below could trigger sell-offs. On the flip side, if positive sentiment around AI grows, it could create a bullish environment for ETH, potentially pushing it towards new highs. Keep an eye on related assets like AI-focused stocks and their correlation with ETH, as they might provide clues on market direction.

📮 Takeaway

Monitor ETH’s support at $3,400; a break could signal bearish momentum, while bullish AI sentiment might push prices higher.

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