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Analysis: AI profit concerns led to a fall in US stocks overnight, and Bitcoin subsequently declined.
On October 8, a report raising concerns about profitability in the artificial intelligence industry led to a decline in the overnight US stock market, which in turn caused a slight drop in the price of Bitcoin. The US media outlet The Information reported that internal documents show that the division of the cloud computing company Oracle, which provides professional services to OpenAI and other companies, currently has a relatively small profit scale. Following the news, Oracle's stock price fell along with other tech stocks. Earlier on Monday, due to the US government shutdown and political concerns in other regions, investors sought alternative assets, and the price of Bitcoin reached a historic high of $126,223. (Jin10)