Nvidia CEO Says AI Computing Demand Is Skyrocketing as Rubin Vera Chips Enter Full Production
- Surging Demand: Nvidia CEO Jensen Huang highlighted that AI models are growing tenfold each year, leading to skyrocketing demand for computing power, which significantly boosts the demand for Nvidia's GPUs and is expected to enhance the company's market share.
- Bitcoin Miners Transition: The surge in AI demand may accelerate Bitcoin miners' shift towards AI computing services, allowing them to repurpose existing infrastructure for new revenue streams, thereby enhancing their business diversification and risk resilience.
- Chip Production: Nvidia's next-generation Rubin Vera chips have entered full production, promising up to five times the AI computing performance of previous generations, further solidifying the company's leadership in the AI sector.
- Earnings Boost Market Sentiment: Nvidia's third-quarter revenue reached $57 billion, exceeding Wall Street's $54.7 billion forecast, acting as a catalyst for renewed optimism in the crypto and tech markets, showcasing the company's robust performance in the industry.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00937 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
About AI
About the author
