Bitcoin has experienced a significant price drop of 16% in the past month, prompting concerns among analysts about a potential shift towards a macro downtrend. Key indicators, such as increased profit-taking by large investors and miners, alongside a dramatic decrease in capital inflows, suggest a possible entry into a bear market phase.
Nvidia unveiled Groot N1, a foundation model for humanoid robots, aiming to address the labor shortage with intelligent robots capable of mimicking human cognition. This open-source model features a dual-system architecture for understanding, planning, and executing tasks, marking a significant step forward in embodied AI.
Bitcoin's recent 16% drop has sparked concerns of a macro downtrend, with analysts pointing to indicators like profit-taking by large investors and miners, and plummeting capital inflows. These factors suggest a potential shift towards a bear market, with key support levels identified in the $66,000-$69,000 range.
HealthEquity Inc. (HQY) reported strong fourth-quarter results, with revenue up 19% year-over-year and 9.9 million health savings accounts (HSAs) as of January 31st, 2023. However, shares are sinking in after-hours trading, likely due to the company's guidance coming in slightly below estimates at the midpoint.
Samsung Electronics Co. is facing investor frustration due to its declining competitiveness in the AI and chip market. The company's leadership has apologized and pledged bold moves to regain its lost ground, including adjusting its supply chain, pursuing strategic acquisitions, and investing heavily in research and development.