Nvidia Rockets Past Earnings, Anthropic Hits $183B Valuation, and AI Crypto Stirs

AI turned up the volume today, on Wall Street, in Silicon Valley, and across crypto. Nvidia crushed earnings (again) and a bizarrely named AI token lit up the charts. Here's what’s driving the next wave of bets in artificial intelligence, whether you're buying chips, funding text robots, or trading memes.

📈 AI Market Movers & Trends

Let’s cut to it, Nvidia’s earnings detonated expectations, sending a message across markets that AI’s infrastructure boom is just getting started. The chipmaker posted revenue of $31.7 billion for Q2, up 174% year over year, fueled by insatiable demand for its AI dedicated H100 GPUs. CEO Jensen Huang didn’t mince words in the earnings call, “We’re riding the greatest tech transformation since the internet.”

And Wall Street agrees… mostly. Nvidia surged 7% post report before trimming gains as traders digested broader macro signals. Inflation accelerated slightly to a 3.3% pace, and revised GDP growth (now expected at 2.4%) sent yields higher. Tech stocks wobbled late in the day, with the NASDAQ finishing flat. Still, the AI wave lifted more than Nvidia, Marvell Technologies (+5.2%) jumped on its AI networking exposure, and Palantir, despite no recent news, ticked up 2.1% as investors clustered around profitable AI names.

The S&P 500's rally is no longer a “Magnificent Seven” show. With AI earnings propping up the semis, infrastructure players like Broadcom and TSMC are finally seeing multiple expansion. And a note making rounds on the Street, Vanguard’s tech ETF (VGT), with a heavy AI weighting, is being touted as the “quiet compounder” for retail investors trying to go long on the sector with less froth.

Translation, Nvidia’s not just a chipmaker anymore, it’s the pace car of this AI supercycle. Ignore that signal at your own peril.

💸 Funding Watch

OpenAI just pulled the trigger on a billion dollar bet to tighten its grip on the AI stack. The company announced a $1.1 billion all stock acquisition of Statsig, a product testing startup that’s been quietly powering A/B experiments for giants like Meta and Airbnb.

Along with the deal, Statsig CEO Vijaye Raji is stepping into a new role as OpenAI’s CTO of Applications, taking the wheel on engineering for ChatGPT, Codex, and the company’s next consumer platforms. This isn’t just financial housekeeping, it’s strategy. OpenAI is chasing scale while racing to keep its apps sticky and enterprise ready.

By absorbing Statsig’s experimentation layer, it gains the ability to ship and optimize features at Silicon Valley warp speed, all while keeping product iteration fully in house. Zoom out, and the timing matters, OpenAI’s run rate revenue has doubled to $12 billion in just seven months of 2025, with projections of $20 billion by year end.

The company is also prepping a $500 billion employee tender offer, a liquidity window that rivals the size of some sovereign wealth plays. For VCs, the signal is clear, OpenAI isn’t just playing defense against Anthropic’s mega rounds, it’s laying the rails for monopolistic scale in applications. And for founders? If you’re building tooling or middleware adjacent to OpenAI’s stack, you might just be sitting on their next acquisition target.

🪙 Crypto Moves

In the tangled experiments at the corner of crypto and AI, today’s noise came from… CRO Trump AI, a memecoin meets chatbot token that ripped over 60% in 24 hours. We’ll pause while you cringe (or double check your wallet). While the token’s comic absurdity dominates headlines, what's underneath is more interesting, speculative appetite is returning to cross sector convergence plays.

This isn't just degens chasing rally bait. More serious projects in the AI×crypto zone, like Fetch.ai and Ocean Protocol, benefited from today’s tailwind, posting mid single digit gains as traders bet on future interoperability between LLMs and blockchain led compute markets.

There’s also a growing narrative shift among Web3 founders, instead of chasing scale, the focus now is on building domain specific agents with decentralized data governance. Triggered in part by OpenAI friendly mega deals (looking at you, Anthropic), token backed projects are seizing the anti Big Tech mantle. On chain AI compute marketplaces like Gensyn and Bittensor are seeing early dev activity spike, even if token prices haven’t caught up yet.

The bottom line, AI crazy capital is starting to creep into crypto rails. Whether via joke coins or legit research collectives, builders are betting that future AIs won’t run on closed clouds, but on open, participatory blockchains with shared upside.

Today? That’s still mostly narrative. Tomorrow? Follow the engineering.

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