Nvidia Reclaims the Throne, Databricks Bags $1B, and AI Crypto Heats Up as Speculators Swarm ChainGPT

The generative AI bull run just got another jolt of adrenaline. Nvidia is back in market dominating form, VCs are throwing billion dollar checks (again), and ChainGPT is igniting retail frenzy in the crypto AI crossover space. If you're still betting against the AI economy, good luck catching up.

📈 AI Market Movers & Trends

Nvidia is once again flexing, and everyone from Wall Street to your 16 year old nephew's Robinhood account is paying attention. After a brief dip triggered by hand wringing over valuations, the AI chip giant is back on the ascent. Beth Kindig just slapped a fresh $1,200 price target on NVDA, citing something most analysts are ignoring, a sharp re acceleration in Big Tech’s capex. Translation, the hyperscalers are stuffing their data centers with GPUs like it’s Black Friday.

Nvidia and Intel also made headlines today with a $5 billion joint bet on building the next gen AI chip manufacturing pipeline. This isn't just a tech play, it's a geopolitical chess move to tilt advanced chip production away from East Asia dependencies.

Meanwhile, Cathie Wood is back with another moonshot prediction, AI will drive $13 trillion in software value creation. Wood has been early (and often wrong), but in this case, she might not be far off, especially with enterprise AI deployment finally graduating from the pilot phase.

Also worth noting, BigBear.ai popped hard this week, up nearly 30%. The trigger? Continued optimism around government AI contracting. If defense and federal budgets become AI powered, smaller niche players like BigBear could evolve into serious mid cap contenders.

Bottom line, Ignore the bubble talk. Follow the money flowing into silicon, software, and sovereign AI ambitions. Nvidia isn’t the top, it’s still just the engine.

💸 Funding Watch

Databricks is back with a monster $1 billion raise, in case anyone needed proof that frontier models and data infra still command gravity defying valuations. No matter how loud the "AI normalization" narrative gets, investors are clearly still in “go big or get left behind” mode. Backers included familiar heavyweights, T. Rowe Price, Andreessen Horowitz, and Coatue doubled down, signaling strong LP appetite for mature AI infra bets.

Meanwhile, the corporate arms race intensifies, Oracle and Meta are reportedly locking down a $20 billion+ AI cloud compute deal. That’s not a typo. Twenty. Billion. Dollars. The scale of these multi party compute arrangements hints at what’s coming, AI is no longer about picking a model. It’s about acquiring durable access to silicon and squeezing every last cycle from it.

On the earlier end of the cap table, deal flow also stayed hot,

• Omnea raised a $50M Series B to build AI native procurement tech. It’s vertical SaaS meets GPT, and it’s attracting traditional enterprise buyers faster than expected.

• Apple quietly acquired WhyLabs, a monitoring startup for LLM observability. This one didn’t make many headlines, but don’t sleep on it. Apple’s infrastructure game is maturing behind the curtain, possibly in prep for its own co pilot play later this year.

• Veezoo nabbed $6M from ACE Ventures to grow its “Agentic Analytics” suite, yet another signal that dashboards are dying and agents are rising.

All told, north of $2B poured into AI startups and deals this week, and we’re not even counting the stealth rounds. The hype might be cooling on social, but investor conviction? Still boiling.

🪙 Crypto Moves

ChainGPT lit up the AI crypto corner of the market today, posting a 24 hour volume spike that triggered trending status on Binance, CoinGecko, and just about every “Top AI Tokens” leaderboard. It’s not a meme, at least not entirely. ChainGPT is building dev tools for AI smart contracts and code generation, and its utility token ($CGPT) is suddenly catching fire with retail momentum traders.

But let’s not kid ourselves, this rally’s got more to do with timing than tech. With AI keywords driving search traffic and alt seasons bubbling, any halfway legit AI project is getting swept up. ChainGPT’s token has now doubled in the past 10 days and entered the $100M+ market cap club, enough to earn it a slot on Kraken’s "AI Watchlist" sidebar.

Elsewhere in the AI x Web3 space,

• Token Metrics expanded its AI powered crypto analysis suite this week, hinting at a broader wave of AI tooling aimed at retail traders.

• Scams are also scaling, the California DFPI issued a blanket warning today about AI crypto fraud schemes designed to impersonate trading bots or “autonomous investment managers.” If it says “AI powered, 1000% APY”, run.

• As infrastructure plays, Ocean Protocol and Fetch.ai held steady, showing surprising price resilience despite broader altcoin chop. Expect these to act as barometers for tokenized data marketplaces once the next AI native chain narrative hits.

Macro takeaway, Crypto isn't just chasing AI anymore. It’s trying to fuse with it. Some of these experiments will print life changing returns. Most will implode. But the Venn diagram of AI x Crypto has officially become the highest risk, highest volatility sandbox in all of tech.

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