Investment Guru Says Nvidia Is Following Cisco's Path, and the Circular Financing Will Eventually End in a Bursting Bubble

Odaily reports that crypto trader Ansem has shifted his focus to US stocks, analyzing that Micron and some AI-related stocks that saw sharp declines this week may be nearing a short-term rebound. Micron's stock price has fallen about 34% over the past week, and the current sell-off appears somewhat overdone. He expects related stocks may see gains next week but remains cautious about the subsequent trajectory.Ansem believes that if stock prices rebound toward previous support levels, it could offer investors an opportunity to reduce risk, after which the stocks may enter a more prolonged consolidation phase. The eventual bottoming process is expected to be slower than this round of rapid selling, with relatively smaller volatility.

Odaily report: As Bitcoin mining companies accelerate their pivot toward AI data center operations, construction cost overruns and risk allocation have become focal points for the market. In the latest earnings season, Cipher disclosed that under revised leasing arrangements, the company will bear the first $359.3 million in cost overruns beyond the original budget for the Barber Lake project; Riot expects that approximately 70% of its Rockdale project budget will be covered under guaranteed maximum price (GMP) contracts to control cost risk; Core Scientific stated that tariffs have driven up costs for certain equipment and materials. Additionally, Riot noted that lenders are scrutinizing tenant creditworthiness, power infrastructure energization status, and project delivery records more rigorously. (TheEnergyMag)

Odaily Report: Ahead of the nonfarm payrolls data release, Fed's Williams said the labor market is exceptionally stable and solid, inflation is too high and has been too high for too long, and the U.S. economy is remarkably resilient.

Odaily reports: Crypto analyst Darkfost stated that the Bitcoin market is currently dominated by realized losses, with a net realized PnL of -$191 million over the past week. Over the past 3 days, investors have realized losses of approximately $657 million to $703 million per day in Bitcoin trading, with cumulative realized losses exceeding $2 billion.Darkfost noted that the current scale of losses has not yet reached the levels seen in early August but is gradually approaching them. As Bitcoin once again falls below the important psychological threshold of $80,000, the loss trend has clearly accelerated. It remains uncertain whether this round of investor stop-losses and selling is nearing its end or will continue further.

Odaily reports that the ongoing slump in global tech stocks is pushing the hedge fund industry into a new round of adjustment. As AI-related trades reverse sharply, the global tech stock selloff has dealt a heavy blow to hedge funds, with some strategies' year-to-date returns nearly wiped out. Several large funds have begun cutting leverage and disbanding investment teams, with market concerns that concentrated unwinding could further amplify volatility.Goldman Sachs data shows that equity long/short strategy funds focused primarily on tech stocks lost more than 4% in a single day on Thursday, bringing their year-to-date returns down to near zero. As recently as June this year, these funds had posted cumulative returns of as much as 24%.The losses were not confined to tech-focused strategies. Goldman Sachs data shows that global fundamental equity long/short strategy funds fell an average of 1.3% on Thursday, while multi-strategy funds dropped 1.4%, reflecting that selling pressure is spreading to a broader range of portfolios.

Odaily reports: According to Arkham monitoring, Morgan Stanley has transferred a total of 9,297 SOL to Coinbase over the past two days through its Solana exchange-traded fund MSOL, suspected of selling. It currently still holds approximately 510,000 SOL, valued at $45.79 million.In addition, Morgan Stanley yesterday spent $3.41 million through its Bitcoin exchange-traded fund MSBT to buy the dip with 43 BTC, bringing its total Bitcoin holdings to 10,893 BTC.