logo

BiyaPay Analyst: Wall Street Shorts Software Stocks, Profits $24 Billion, Huang Renxun Rebuts "AI Replacing Software" Theory

By: theblockbeats.news|2026/02/05 19:02:13
0
Share
copy
aiai
BTCBTC
--
ceoceo
nvidianvidia
oracleoracle

BlockBeats News, February 5th, this year Wall Street hedge funds have made a profit of $24 billion by shorting software stocks, mainly targeting automated service companies that are easily replaced by AI. The software industry's market value has evaporated by $1 trillion, with tech giants like Microsoft and Oracle seeing a stock price drop of over 15%. Meanwhile, NVIDIA CEO Jensen Huang publicly refuted the notion that "AI will replace software," emphasizing that AI will work in concert with existing software tools rather than replacing them.

BiyaPay analysts pointed out that despite concerns over AI's advancement disrupting traditional software models, the cryptocurrency and digital asset market still hold strong investment potential. BiyaPay offers a variety of financial products, including USDT trading for Bitcoin, other cryptocurrencies, US stocks, Hong Kong stocks, etc., supporting users in cross-border transactions, real-time remittances, digital asset storage, and asset management. BiyaPay's comprehensive services help users navigate market fluctuations flexibly, achieve wealth growth, and manage risks.

-- Price

--

You may also like

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

22:42

Data: If BTC falls below $74,149, the cumulative long liquidation intensity on major CEX will reach $984 million

According to Coinglass data, if BTC falls below $74,149, the cumulative long liquidation intensity on mainstream CEX will reach $984 million. Conversely, if BTC breaks above $81,349, the cumulative short liquidation intensity on mainstream CEX will reach $834 million.
22:42

Data: If ETH falls below $2,219, the cumulative long liquidation intensity on major CEXs will reach $657 million

According to Coinglass data, if ETH falls below $2,219, the cumulative long liquidation intensity on mainstream CEX will reach $657 million. Conversely, if ETH breaks above $2,431, the cumulative short liquidation intensity on mainstream CEX will reach $552 million.
22:42

Data: A suspected insider trading address opened a 5x leverage long position on 5.57 million LDO, approximately equivalent to 5.16 million USD

According to Lookonchain monitoring, a suspected insider trading address that previously made a profit of 2.27 million dollars in an APE trade is now going long on LDO.The address is using 2 wallets to go long on 5.57 million LDO (worth approximately 5.16 million dollars) with 5x leverage.
21:42

CryptoQuant: BTC stabilizing above $83,000 is key to market recovery

CryptoQuant analyst Axel Adler stated that after the release of market pressure in the spring, the selling pressure from short-term holders (STH) has significantly eased. The Bitcoin market repair is still ongoing, and the current price is close to the cost line of short-term holders. The key trigge...
BTCBTC
--
21:42

Data: The current whale position on the Hyperliquid platform is 3.505 billion USD, with a long-short position ratio of 1.02

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.505 billion, with long positions of $1.772 billion, accounting for 50.56% of the holdings, and short positions of $1.733 billion, accounting for 49.44%. The profit and loss for long positions is -$8.5173...
HYPEHYPE
--
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com