Synthetic intelligence (AI) cash confronted an surprising setback as Nvidia’s extremely anticipated GPU Know-how Convention (GTC) did not ignite the keenness traders had hoped for.
Regardless of the disclosing of Nvidia’s newest AI chips, the AI cryptocurrency market noticed a decline of two.8%. In the meantime, Nvidia’s personal inventory additionally took successful.
AI Crypto Tokens Slide as Nvidia CEO Unveils Subsequent-Gen Chips in Convention
The Nvidia GTC convention in San Jose, California, has lengthy been a pivotal occasion for the tech and AI industries, usually serving as a catalyst for market actions. This yr, expectations had been excessive as CEO Jensen Huang took the stage on March 18 to showcase Nvidia’s next-generation AI chips.
This included the Blackwell Extremely, set for launch within the second half of 2025. Huang additionally supplied a glimpse into the corporate’s roadmap with the Vera Rubin and Rubin Extremely chips slated for 2026 and 2027, respectively.
He emphasised the chips’ capabilities in advancing AI reasoning and agentic AI—techniques designed to plan and act autonomously—positioning Nvidia as a pacesetter within the AI area.
“These final two to 3 years have seen a basic breakthrough in AI. We name it agentic AI,” Huang mentioned.
The CEO beforehand highlighted the potential of AI brokers, predicting it to grow to be a multi-trillion-dollar alternative. This comment sparked a surge in AI agent tokens.
The truth is, AI tokens noticed vital positive factors following Nvidia’s spectacular fourth-quarter earnings report in February. Thus, traders hoped for the same impression from the convention. But, this time, the disclosing of latest {hardware} failed to duplicate that momentum.
Whereas eight of the highest 10 AI cash noticed small positive factors, it wasn’t a lot. Moreover, the most recent knowledge revealed a 2.8% decline within the complete market capitalization of AI-related cryptocurrencies following the keynote. Among the many sectors, AI Purposes skilled the steepest drop, posting a double-digit decline of 17.6%.
Different affected sectors included AI Agent Launchpad, which noticed a lower of 9.5%, and AI Brokers, which dipped by 7.7%. As well as, the AI Framework sector fell by 2.1%. The Bittensor Ecosystem additionally confronted a decline, albeit smaller, at 1.7%.
Nvidia’s inventory (NVDA) mirrored the broader sector’s disappointment. In accordance with Google Finance, the shares fell 3.4% on Tuesday, contributing to a year-to-date decline of 14.0%.
The drop got here amid a broader market rout, with tech shares going through strain from macroeconomic uncertainty and shifting investor sentiment.
The emergence of rivals, reminiscent of China’s DeepSeek, which claimed to have constructed a cheap AI chatbot earlier this yr, might also be weighing on sentiment, elevating questions on Nvidia’s unchallenged dominance and impression within the AI sector.
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