AI Industry Woes Drive Down Stocks, Bitcoin Price Slightly

Concerns about the profitability of AI companies have impacted both the U.S. stock market and Bitcoin prices. According to BlockBeats, a report revealing low profits within Oracle’s cloud computing division, which supports OpenAI and other tech giants, triggered a dip in stock markets overnight. This, in turn, led to a modest decline in Bitcoin prices. Earlier on Monday, Bitcoin reached a record high of $126,223 as investors sought alternative assets amidst the U.S. government shutdown and political instability elsewhere.