Gate News reports that on March 28, Ark Invest Tracker data shows that Ark Invest continued to reduce its holdings in tech stocks on Friday, following a reduction in tech stocks and crypto ETFs on Thursday. They sold over 58,000 shares of NVIDIA and over 19,000 shares of AMD, accounting for 0.1%-0.15% of the total fund value. At the same time, Ark Invest bought shares in the biotech company Arcturus.

Ark Invest has recently significantly reduced its holdings in tech stocks and crypto ETFs, particularly in Nvidia and AMD. It only purchased biotech company Arcturus Therapeutics, indicating a shift in its investment focus from AI chips to medical innovation.

The Nasdaq confirms it has entered a correction zone, while Brent crude oil surges past $108. The chip smuggling case has escalated from the courtroom to Capitol Hill, and Apple is turning Siri into an AI supermarket. 1｜The Nasdaq confirms a correction, with oil prices, war, and AI fatigue simultaneously weighing on tech stocks ---------------------------- The Nasdaq dropped 2.38% on Thursday, falling 11% from its record high on October 29 last year, officially confirming it has entered a correction zone. The S&P 500 declined 1.74% to 6,477 points, marking its largest single-day decline since January. The Dow Jones Industrial Average fell 1.01% to 45,960 points. Tech stocks were the hardest hit. Meta declined nearly 8%, with a verdict related to a social media addiction misconduct case serving as the direct trigger. AMD dropped over 7%, and Nvidia fell more than 4%.

Gate News report: On March 17, Tether's QVAC Fabric launched the world's first cross-platform LoRA fine-tuning framework for Microsoft BitNet (1-bit LLM), significantly lowering the VRAM and computational thresholds for large model training. The framework supports LoRA fine-tuning and inference acceleration on Intel, AMD, Apple Silicon M series, and mobile GPUs (including Adreno, Mali, and Apple Bionic).

Investor Michael Burry accuses Nvidia of engaging in anti-competitive behavior in the Oracle and OpenAI projects, claiming that OpenAI withdrew from the partnership due to chip issues, while Nvidia spent significant funds to prevent AMD from taking over. Burry believes this could constitute an antitrust case. The U.S. Department of Justice has launched an investigation into Nvidia.

ChainCatcher reports that according to Gate Market Data, U.S. chip stocks are declining in the short term. Micron Technology fell 3.4%, AMD dropped 2.2%, and NVIDIA decreased by 1.8%. The news states that the United States plans to require a license for AI chip exports worldwide.

ChainCatcher News reports that before the US stock market opens, popular tech stocks generally declined. Micron Technology dropped over 3.5%, and AMD also fell more than 3.5%. ASML, Alibaba, and Intel all declined over 3%.

ChainCatcher News, according to Gate Market Data, U.S. stocks closed on Thursday with the Dow slightly up, the S&P 500 down 0.5%, and the Nasdaq Composite down 1.18%. Nvidia (NVDA.O) closed down 5.5% after earnings, AMD (AMD.O) and Intel (INTC.O) both fell 3%. The Nasdaq China Golden Dragon Index closed down 1.78%, Alibaba (BABA.N) fell 2.7%, and Baidu (BIDU.O) dropped 5.6%.

Foresight News reports that Meta Platforms has reached an agreement with AMD to spend billions of dollars on artificial intelligence equipment.

World Labs, founded by Fei-Fei Li, raised $1 billion in a new funding round, with Autodesk investing $200 million. Other investors include Andreessen Horowitz, NVIDIA, and AMD. The company is dedicated to developing an AI "world model" to help AI understand and make decisions in the three-dimensional physical world.