AI Sector Concerns Drive Stock Market Downturn and Impact Bitcoin Prices

Concerns surrounding profitability in the artificial intelligence (AI) industry have sparked a decline in the U.S. stock market, leading to a slight dip in Bitcoin prices. According to reports from BlockBeats, internal Oracle documents reveal that their cloud computing division, supporting OpenAI and other companies, is currently generating relatively small profits. Consequently, Oracle’s stock price dropped alongside other technology companies. Meanwhile, on Monday, Bitcoin reached an all-time high of $126,223 as investors sought alternative assets amid ongoing U.S. government shutdown concerns and political uncertainties in various regions.