According to @KobeissiLetter, Microsoft (MSFT) and Meta (META) achieved an extraordinary combined increase of $550 billion in market capitalization since 4 PM ET yesterday. This surge surpasses the entire market cap of Costco by $140 billion and exceeds Netflix's valuation by $50 billion. The rapid growth highlights the early-stage momentum of the AI sector and signals increased investor confidence in tech-driven innovation. For crypto traders, this massive value influx into AI stocks underscores the growing correlation between AI advancements and digital asset sentiment, with potential spillover effects driving renewed bullishness across leading cryptocurrencies. Source: @KobeissiLetter.

According to @StockMKTNewz, Google (GOOGL), the largest customer of Scale AI, plans to end its relationship with Scale AI following news from Reuters that Meta (META) will acquire a 49% stake in the AI data-labeling startup. This development is expected to significantly disrupt the AI data supply chain, potentially impacting the speed and quality of AI model training for both big tech and emerging crypto AI projects. Traders should closely monitor AI-related crypto assets and tokens, as shifts in data partnerships could spark increased volatility and create new opportunities for projects positioned to fill the data-labeling gap.