U.S. investment commentator Jim Cramer has labelled both bitcoin and gold as \"bad money\" and said market funds are moving into high-growth technology shares such as Nvidia and Apple. Blockchain outlet U.Today reported that Cramer sees bitcoin and gold being liquidated while artificial intelligence-related stocks absorb the money. His remarks follow stronger criticism of Strategy and its bitcoin sales. Market participants also point to AI-driven capital concentration as weighing on bitcoin.

Nvidia could use growing government investment in sovereign AI to reduce its reliance on large cloud companies, an analysis said. As demand rises for national AI infrastructure, it could ease concerns about Nvidia’s revenue being concentrated among a small number of hyperscalers. U.S. investor Jim Cramer said sovereign AI could help address customer concentration worries as governments build domestic data centres and computing capacity to secure technology sovereignty.