U.S. stocks rebound sharply, Bitcoin dips to 62K, market focuses on NVIDIA's earnings report

ETH-1,41%
BTC-1,19%

U.S. stocks rebounded sharply on Tuesday (2/25), easing concerns about AI impacting companies for the time being. Bitcoin briefly touched $62,510 yesterday, just a step away from the recent low of $60,000. The funding rate for Bitcoin perpetual contracts turned negative again, indicating a still cautious market sentiment. Traders will closely watch NVIDIA’s earnings report after the close on Wednesday.

AMD leads chip stocks higher, software stocks rebound in sync

U.S. stocks closed higher across the board on Tuesday (2/25), with market concerns over AI impacts temporarily easing.

Shares of AMD rose nearly 9% after Meta announced a multi-year partnership agreement with AMD. Under this new deal, Meta will deploy up to 6 gigawatts of AMD graphics processors in its AI data centers. Additionally, Meta will invest in AMD through a performance-based warrant, which could hold up to 160 million AMD shares.

Anthropic announced that its Claude Cowork platform can now connect to DocuSign and other existing enterprise tools such as Google Drive and Gmail. This development has optimistic investors about AI complementing rather than replacing software companies. The disruptive changes brought by AI mean different things to different people—risk to some, opportunity to others.

Bitcoin briefly dipped to $62K, market sentiment remains cautious

The crypto market continued to decline, with total market cap down 0.7% to $2.22 trillion. 24-hour liquidation amounts remain high at $343 million, mainly in Bitcoin, followed by Ethereum. The Fear & Greed Index remains in the “Extreme Fear” zone. However, the Altcoin Season Index has quietly risen to 35.

Bitcoin briefly touched $62,510 yesterday, just a step away from the recent low of $60,000. The funding rate for Bitcoin perpetual contracts turned negative again, indicating a still cautious market sentiment.

NVIDIA earnings countdown

Traders are closely watching NVIDIA’s earnings report after the close on Wednesday, expecting the chipmaker’s performance to surpass expectations. Recently, NVIDIA’s stock performance has been flat due to widespread selling of large-cap stocks.

U.S. tariffs on global goods increased by 10% took effect on Tuesday. The market is also paying close attention to developments in U.S.-Iran relations. Additionally, President Trump will deliver the State of the Union address on Tuesday evening local time, outlining his administration’s priorities for the coming year.

This article “U.S. stocks rebound sharply, Bitcoin dips to 62K, focus on NVIDIA earnings” first appeared on Chain News ABMedia.

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