The US stock market opened on a turbulent note today. All three major indices fell: the Dow Jones edged down 0.05%, while the S&P 500 and Nasdaq dropped 0.23% and 0.4% respectively.

The tech sector showed clear divergence. Microsoft shares plunged 2.8%, due to lukewarm feedback from customers on their AI software, forcing them to lower sales forecasts—apparently, AI monetization isn't as smooth as expected. Chip stocks also struggled: Nvidia fell 0.7%, and Intel slipped 0.5%.

However, there were some standout performances. Marvell Technology surged over 7% on news that they're set to spend up to $5.5 billion to acquire Celestial AI. This merger signals to the market that consolidation in the chip industry is accelerating.

While traditional tech stocks are under pressure, the performance of Bitcoin-related assets is also worth watching—after all, sentiment in tech stocks often spills over into the crypto market.

BTC0.91%

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Hash_Bandit

· 12-03 15:54

ai hype cycle doing what it does best... overpromise, underdeliver. seen this movie before during the gpu mining craze, tbh. marvell pumping 5.5b into celestial tho? thats some serious hashpower consolidation energy right there. network's gonna feel it eventually.

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MysteryBoxBuster

· 12-03 15:53

Microsoft really dropped the ball this time. After all the AI hype for so long, they still haven’t figured out how to monetize it. All this talk about chip acquisitions and integration acceleration just feels like storytelling. In the end, Bitcoin still has to follow the lead of tech stocks. AI monetization is tough. Where’s the problem, really? Marvell is really bold for jumping in at this point. Should retail investors buy the dip or get out? It’s a tough call. Microsoft’s drop is painful. There’s too much divergence in the entire tech sector; making money is just too hard. We still need to watch chip stocks for future developments—it’s hard to say right now.

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BlockchainBrokenPromise

· 12-03 15:50

Microsoft really dropped the ball this time—they're already cutting orders before AI has even landed. Is AI really that hard to monetize? Feels like everyone is just blowing bubbles. Marvell's surge was insane—a $5.5 billion bet. Are they gambling on chip integration? As soon as tech stocks crash, the crypto market has to follow. The correlation is wild. Microsoft's 2.8% drop hurts. Is the AI dream shattered? I'm optimistic about Marvell's move, but why hasn't Bitcoin reacted yet? The market is putting on a show again; the technicals are collapsing.

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MysteriousZhang

· 12-03 15:48

Microsoft really dropped the ball this time. After all the AI hype, reality is still disappointing.

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OldLeekConfession

· 12-03 15:44

Microsoft dropped 2.8%, haha, turns out AI monetization really isn't that simple. --- Another chip acquisition, this time it's Celestial's turn. Industry consolidation is heating up. --- Tech stocks are underperforming, will Bitcoin be affected? Feels like it's something to watch. --- All three major indexes are in the red; this trend feels a bit depressing. --- Did Microsoft's AI software flop? They're lowering expectations over there, so funny. --- $5.5 billion thrown in, let's see if it pays off. --- Tech stock sentiment is affecting the crypto world, gotta keep an eye on it at all times. --- Nvidia only dropped 0.7%, but Microsoft really took a hit this time. --- Marvell's 7% gain is one of the few highlights today. --- Has the AI concept lost its appeal? Starting to doubt the previous hype.

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DegenDreamer

· 12-03 15:33

Has Microsoft's AI dream fallen apart? A 2.8% drop says it all—investors aren't that naive. Marvell's acquisition spree is just the beginning of the big chip consolidation show. When tech stocks crash, crypto has to kneel—when will this curse be broken? Monetizing AI is harder than expected; hype alone isn't enough. The Nasdaq is tanking, so we have to keep a close eye on whether BTC will follow suit. Why is Microsoft's AI getting such a lukewarm response? Maybe it's a sign for the market to cool down. Marvell is throwing $5.5 billion into acquisitions—the chip industry is really going at it. With the market dropping like this, I bet BTC won't hold up for three days. Tech stock sentiment is spilling over into crypto—just waiting to get rekt.

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