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Home » Nvidia withstands the impact of speculation while the AI token surge continues.
Market Rumors

Nvidia withstands the impact of speculation while the AI token surge continues.

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Key Takeaways

  • Rumors of a 90-day pricing halt led to a brief surge in the US stock market.
  • Despite the turmoil, NVIDIA’s (NVDA) stock remained resilient.
  • AI chip stocks experienced a boost, riding the wave of NVIDIA’s growth.

Market Reactions to Pricing Rumors

On April 7, optimism swept through the financial markets following rumors of a 90-day pricing halt after a significant market plunge on April 4. This brief bullish sentiment for US stocks, however, was short-lived, lasting less than an hour.

Birth of the Rumor

At 10:10 a.m., social media platforms, particularly X, began buzzing with rumors that US President Donald Trump was proposing a 90-day pricing break for all countries except China. The source of this misinformation remains unclear but it rapidly impacted market sentiment.

What just happened? Rumors surfaced at 10:10 am regarding a possible “90-day pricing break” from the White House. By 10:15 am, CNBC reported that this was under consideration, and by 10:18 am, the S&P 500 added significant value.

– The Kobeissi letter (@kobeissiletter) April 7, 2025

Clarifications and Market Collapse

Some speculate that the rumors originated from a misunderstanding of a Fox News interview featuring Kevin Hassett, the Director of the National Economic Council. While Hassett supported Trump’s pricing policies, he never mentioned an actual “pricing break.” Shortly after the rumors circulated, consumer media reported them as news, causing stocks and cryptocurrency values to soar.

However, by 10:25 a.m., contradictory reports emerged as the White House clarified that no such pricing break was in discussion. Just one minute later, CNBC retracted the rumor, which led to a plummet in the S&P 500 — wiping out $2.5 billion in value after a stunning drop of 9.6%.

Resilience of NVIDIA

In stark contrast to the downward trend of most US stocks, NVIDIA Corp (Nasdaq: NVDA) demonstrated remarkable resilience by closing the day up 3.53%. NVIDIA’s market capitalization surged to $2.38 billion, with shares trading at $97.64. This unique performance highlights the strong investor confidence in AI-driven technologies.

Cryptocurrency Market Response

The cryptocurrency market also maintained a sense of optimism, exhibiting high volatility yet managing a 4.9% increase in global market capitalization, reaching $2.52 trillion despite a $300 billion dip earlier that day. However, a report revealed that over 440,000 crypto traders faced significant losses, totaling approximately $1.3 billion in liquidations.

AI Tokens Leading the Pack

Tokens associated with artificial intelligence and Big Data protocols emerged as the biggest winners following the market events. These assets typically follow trends set by NVIDIA’s stock price. According to data from CoinMarketCap, the market capitalization for AI-related tokens rose by 7.3% over 24 hours, reaching $22.55 billion. Additionally, the sector’s trading volume increased by 45%, hitting $3.76 billion.

Conclusion

The recent fluctuations in financial markets highlight the unpredictable nature of stock and cryptocurrency trading, driven by rumor and speculation. As investors navigate these turbulent waters, it remains paramount to stay informed and approach decisions with caution. For updated and reliable information, consulting a financial professional is recommended.

Disclaimer: Coinspeaker aims to provide unbiased and informative coverage. This article is not financial or investment advice. As market conditions can shift rapidly, readers are encouraged to verify information and consult professionals before making financial decisions.

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