“It’s possible that the rout in Bitcoin is forcing some investors to sell stocks that they own.”

As OpenAI and Big Tech powerhouses buy more and more Nvidia chips, annual revenue has gone from $27 billion in 2022 to a projected $208 billion this year.

The market is already 80% of the way to a full bubble, he said.

Leading US stock markets tumble less than 24 hours after strong results from chipmaker Nvidia sparked gains

Strong sales at AI giant Nvidia have done little to quell investor worries.

Nvidia CEO Jensen Huang's rejection of the AI bubble narrative seemed to reassured investors initially, but their concerns couldn't be repressed for long.

The market is "quite confused" over the dramatic rally and reversal, one fund manager said.

Nvidia’s blowout earnings call—which came in way above expectations—simply wasn’t good enough to persuade traders that AI is overcooked.

Investors had looked to Nvidia's earnings report to settle fears that the AI bubble is on increasingly shaky ground.

“It’s possible that the rout in Bitcoin is forcing some investors to sell stocks that they own.”