Bittensor Receives Positive Feedback, Ecosystem Projects Generating Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Should l Buy NVDA?
Source: NASDAQ.COM
- Positive Market Response: Following Nvidia CEO Jensen Huang's praise for Bittensor's decentralized AI training on the All-In podcast, the TAO token surged approximately 17% on March 25, indicating market recognition of its potential.
- Significant Technical Achievement: Bittensor's Templar subnet successfully trained a 72-billion-parameter large language model, Covenant-72B, through a decentralized network of over 70 contributors using widely available hardware, showcasing its technical prowess in AI training.
- Validation of Economic Value: The success of this subnet not only demonstrates Bittensor's ability to organize computing resources but also supports its investment thesis, indicating that subnets can create economic value, although they have yet to prove real demand.
- Risks and Opportunities: While Bittensor's supply dynamics appear favorable, its subnets generate only $2.4 million in annual revenue against $52 million in subsidies, highlighting a high risk of valuation decline, necessitating careful assessment of its market fit by investors.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 196.510
Low
200.00
Averages
264.97
High
352.00
Current: 196.510
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Government Dependency Inquiry: Senator Warren requested information on which DOE and DOD systems rely on Nvidia's software or hardware, with a deadline for responses set for May 5, highlighting concerns over the extent of government dependency on Nvidia.
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See More
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- Revenue Record: The company's revenue reached NT$1.134 trillion (approximately $35 billion) in Q1, surpassing the market expectation of NT$1.127 trillion and reflecting a 35% year-on-year growth, showcasing TSMC's strong performance in the global semiconductor market.
- Advanced Process Growth: TSMC's high-performance computing division, which includes AI and 5G applications, accounted for 61% of total revenue in Q1, while advanced chips of 7 nanometers or smaller made up 74% of total wafer revenue, highlighting the company's competitive edge in the high-end market.
- Capex Guidance Raised: TSMC now expects its capital expenditures for 2023 to reach the high end of its previous forecast, between $52 billion and $56 billion, reflecting a 37% increase and indicating the company's optimistic outlook on future demand amid global energy supply uncertainties.
See More
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