Cuban Predicts AI Chips Will Become Next Big Crypto-Like Asset Class

Mark Cuban sparked controversy recently when he predicted that AI chips will become the 'new crypto'.

Cuban made this statement on August 16, suggesting that chips, particularly high-end AI accelerators like GPUs, could be a new asset class similar to cryptocurrencies.

This prediction comes after CoreWeave closed a $2.6 billion facility backed by long-term confidence in GPU demand, and Nvidia reported quarterly data center revenue of $75.2 billion, up 92% year over year.

Pierre Rochard, a Bitcoin advocate, rejected Cuban's analogy, arguing that chip manufacturing lacks key features of cryptocurrencies like halvings and difficulty adjustments.