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Nvidia overtakes Apple again as world’s most valuable company

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Nvidia has reclaimed its position as the world’s most valuable company, surpassing Apple for the second time in recent months. The shift in market capitalization occurred as Nvidia’s stock price surged following strong financial results and growing investor optimism about its role in the booming artificial intelligence (AI) sector. The chipmaker’s market value recently crossed the $1.1 trillion mark, pushing Apple to the second spot with a market cap just shy of $1.1 trillion.

Nvidia’s rise is largely driven by its dominance in the GPU market, which is critical for AI and machine learning applications. The company’s graphics processing units (GPUs) have become indispensable to AI development, particularly in data centers, autonomous driving, and cloud computing. As businesses and tech giants ramp up AI investments, Nvidia has positioned itself as a key player in the industry’s future growth, helping to propel its stock to new heights.

Apple, which had held the title of the world’s most valuable company for much of the last year, has faced challenges amid a slowdown in consumer electronics sales and a relatively muted performance in its services segment. Despite continued strong demand for its iPhone and other products, Apple’s stock has been under pressure, while Nvidia’s growth prospects in AI have drawn substantial investor interest. Nvidia’s recent surge in market capitalization is a testament to the growing importance of AI technologies in reshaping the global economy.

The brief shift in rankings highlights the growing influence of the AI sector on global markets, with companies like Nvidia now at the forefront of the technological revolution. It also underscores the volatility of the stock market, where rapid advancements in one sector, such as AI, can quickly change the competitive landscape. As the race for AI dominance intensifies, Nvidia’s position as the most valuable company may be a sign of even greater opportunities ahead for the chipmaker.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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