More legs to go
With the clock ticking at the highly anticipated launches of Ethereum spot-priced ETFs in the coming months, the cryptocurrency market has already been partying in advance and regaining their glories. Already $Coinbase Global, Inc.(COIN)$ has recovered much lost ground as risk-on sentiments gather steam and trading volume rises with enthusiasm returning with rising cryptocurrency prices. I expect the cryptocurrency exchange to set new heights when the Ethereum spot-priced ETF launches draw nearer.
$C3.ai, Inc.(AI)$ rallied over 30% last week with its earnings beat and rosy business outlook. Together with $Palantir Technologies Inc.(PLTR)$ , the duo has been riding on the artificial intelligence frenzy led by $NVIDIA Corp(NVDA)$ that itself just this week joined the 3-trillion dollar club. As market demands continue to build on artificial intelligence, C3.ai and Palantir should benefit from rising demands for their enterprise AI applications. With AI poised to drive the next phase of growth of the semiconductor industry and demands for AI chips outstripping supplies despite the hefty prices of the AI chips, I expect Nvidia to maintain its lead, and spilling over the optimism to lift the overall semiconductor industry $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ .
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May need a pullback and continue to go later