CoinDesk·3 min read·hard
Live markets: Bitcoin trades above $65,000 as Alphabet's bigger AI bill props up the chip trade
S
Shaurya Malwa
✦AI Summary
Bitcoin is trading above $65,000 as investors react to Alphabet's increased AI infrastructure spending. While Alphabet's stock dipped due to high capital expenditure, the broader chip market saw gains on expectations of sustained AI demand.
The market stayed quiet through Alphabet's earnings, the report the whole week had been waiting on for a read on AI spending.
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