Trader Talk Bitcoin's warning for Nvidia, AI stocks, and gold
Dec 3, 2025
In this insightful discussion, veteran futures trader Jim Iuorio tackles the implications of Bitcoin's recent drop, connecting it to shifting risk appetites and its correlation with tech stocks like Nvidia. They delve into the potential AI bubble as Nvidia sees a 15% slide. Iuorio also sheds light on why gold is skyrocketing, attributing its rise to central bank buying and geopolitical risks. Additionally, they examine the risks of 50-year mortgages and speculate on the Fed's next moves heading into 2026, offering a practical roadmap for navigating market volatility.
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AI As A Utility And Toll Booth
- OpenAI is building the infrastructure that will become a rented utility and recurring revenue source.
- Investors should focus on companies that own chips, data centers, and distribution that plug into that AI layer.
Bitcoin As The Tip Of The Risk Spear
- Bitcoin led the recent risk-off move and is now highly correlated with tech indices.
- Its sell-off signaled a broader reevaluation of risk and exposed how crypto behaves like a top risk asset.
Manage Position Size In Crowded Trades
- Trim positions and manage size when momentum becomes frenetic to avoid being 'slaughtered'.
- Use protective tools like puts and trailing stops if you think a 30% correction is plausible.
