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Crypto
Strategy halts bitcoin buying ahead of Q1 earnings
Strategy, the world\'s largest corporate holder of bitcoin, has paused additional purchases ahead of its May 5 first-quarter earnings release. Chairman Michael Saylor said there would be no buying this week and that purchases would resume next week. The company holds 818,334 BTC valued at $64.44 billion, with an average purchase price of $75,532 per coin. Attention is also on its STRC preferred share programme and expected GAAP losses.
AI & Enterprise
Nvidia shares muted despite grand vision, Wall Street-Silicon Valley divide
Nvidia shares fell on March 16, local time, when CEO Jensen Huang took the stage for a GTC keynote, despite unveiling a broad slate of technologies and forecasts. He outlined new gaming graphics, networking updates, autonomous driving partnerships and the Vera Rubin AI inference system co-designed with Grok. He also put the AI agent ecosystem at $35 trillion and physical AI and robotics at $50 trillion, while Wall Street remained cautious.
AI & Enterprise
Nvidia quietly emerges as big player in AI networking, surpasses Cisco revenue
Nvidia is quietly growing its AI networking business as another key revenue source alongside chips, TechCrunch reported on March 18. Nvidia’s networking unit has surged since its 2020 acquisition of Mellanox, posting $11 billion in revenue last quarter, up 267% from a year earlier. Full-year revenue reached $31 billion. A Zacks strategist said Nvidia’s quarterly networking revenue exceeds the size of Cisco’s entire networking business.