Bitcoin and NVIDIA Stock Highly Correlated as AI Fuels Tech Valuations

• Bitcoin's correlation to NVIDIA stock is the highest it's been in over a year • The 90 day and 52 week correlation between Bitcoin and NVIDIA is above 0.8 • Analysts believe the surge in NVIDIA stock represents an AI bubble that could burst in 5 years • Bitcoin's market cap has jumped to $1.43 trillion from $70 billion • The growing demand for NVIDIA processors from AI models like ChatGPT has driven NVIDIA's valuation over $2 trillion from around $100 billion