Nvidia Hits $5T Market Cap, Fuels AI-Crypto Convergence Momentum

Nvidia reached a historic $5 trillion market capitalization, driven by high demand for AI chips and sparking increased investor confidence in AI and blockchain convergence, which also positively influenced crypto stocks and AI-focused cryptocurrencies. GAIB, an AI and blockchain startup, is launching its mainnet with innovations such as GPU tokenization and a stable synthetic dollar backed by U.S. Treasury bills, aiming to democratize AI compute power access. Despite the optimism, there is growing backlash against AI's pervasive integration, leading to trader caution and potential short-term pressure on AI-related crypto tokens like Fetch.ai and SingularityNET. OpenAI CEO Sam Altman apologized for the problematic GPT-4 to GPT-5 transition and outlined ambitious plans including a $1.4 trillion global AI data center network called Stargate, signaling continued heavy investment in AI infrastructure. Upcoming discussions at the Yahoo Finance Invest event will address AI, crypto, market risks, and opportunities amid record-high stock markets and concerns over a possible AI bubble. These developments illustrate a dynamic landscape where AI's rapid growth fuels innovation and investment while also encountering emerging skepticism and market volatility.