Cuban says AI chips could become new crypto

• Mark Cuban said chips as an asset class could become the next crypto-like investment category.
• CoreWeave secured a $2.6 billion financing facility linked to demand for AI computing infrastructure.
• Nvidia reported $75.2 billion in data centre revenue, up 92% year on year.

Mark Cuban said chips could become a new asset class as demand for AI computing grows.

Cuban did not name specific chips, investment products or a timetable for his prediction.

CoreWeave secured a $2.6 billion financing facility on 10 August to fund high-performance computing infrastructure.

CoreWeave has also completed a $3.1 billion financing facility and described AI infrastructure financing as an emerging asset class.

Nvidia reported $75.2 billion in data centre revenue for the quarter ended 26 April, up 92% year on year.

Bitcoin (CRYPTO:BTC) advocate Pierre Rochard disputed the comparison, noting that chip production lacks Bitcoin’s fixed supply mechanisms.