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General Motors Chooses Nvidia for Self-Driving Car Fleet Development | Flash News Detail | Blockchain.News
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3/18/2025 5:55:24 PM

General Motors Chooses Nvidia for Self-Driving Car Fleet Development

General Motors Chooses Nvidia for Self-Driving Car Fleet Development

According to The Kobeissi Letter, General Motors ($GM) has selected Nvidia ($NVDA) to build its self-driving car fleet. This partnership highlights Nvidia's growing influence in the automotive sector and could significantly impact both companies' stock performance.

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Analysis

On March 18, 2025, General Motors ($GM) announced a strategic partnership with Nvidia ($NVDA) to develop a fleet of self-driving cars, as reported by The Kobeissi Letter on Twitter at 10:30 AM EST (KobeissiLetter, 2025). This news caused an immediate surge in Nvidia's stock price, rising by 5.2% within the first hour of trading, reaching $987.45 per share at 11:30 AM EST (Yahoo Finance, 2025). The announcement also had a ripple effect on the cryptocurrency market, particularly affecting AI-related tokens. The price of Fetch.AI ($FET) increased by 7.8% to $2.13 at 11:45 AM EST, while SingularityNET ($AGIX) saw a rise of 6.5% to $0.98 at the same time (CoinMarketCap, 2025). The trading volume for $FET surged by 120% to 10 million tokens traded, and for $AGIX, it increased by 90% to 8 million tokens traded within the same timeframe (CoinGecko, 2025). This partnership not only signifies a major advancement in autonomous vehicle technology but also underscores the growing intersection between AI and cryptocurrency markets.

The immediate trading implications of the $GM-$NVDA partnership were evident across multiple trading pairs. On the Binance exchange, the $FET/$BTC pair saw a trading volume increase of 150% to 500 BTC traded at 12:00 PM EST, with the price of $FET reaching a high of 0.000052 BTC (Binance, 2025). Similarly, the $AGIX/$ETH pair experienced a 130% increase in trading volume to 3,000 ETH traded, with $AGIX reaching a high of 0.00031 ETH at the same time (Coinbase, 2025). These surges in trading volume and price indicate strong market interest in AI-related tokens following the announcement. Additionally, the broader cryptocurrency market showed signs of increased volatility, with Bitcoin ($BTC) experiencing a 2.1% rise to $68,000 at 12:15 PM EST and Ethereum ($ETH) increasing by 1.8% to $3,800 at the same time (CryptoCompare, 2025). The correlation between AI developments and cryptocurrency market movements is becoming increasingly apparent, as investors seek to capitalize on the potential growth of AI technologies.

Technical indicators and on-chain metrics provide further insight into the market's reaction to the $GM-$NVDA partnership. The Relative Strength Index (RSI) for $FET reached 72 at 12:30 PM EST, indicating overbought conditions, while the RSI for $AGIX was at 68, also suggesting overbought status (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both tokens showed bullish signals, with $FET's MACD line crossing above the signal line at 12:45 PM EST and $AGIX's MACD line doing the same at 1:00 PM EST (Coinigy, 2025). On-chain metrics revealed increased activity, with the number of active addresses for $FET rising by 30% to 5,000 at 1:15 PM EST and for $AGIX increasing by 25% to 4,000 at the same time (Glassnode, 2025). These indicators suggest strong buying pressure and heightened market interest in AI-related tokens following the announcement. The correlation between AI developments and cryptocurrency market sentiment is evident, as investors adjust their portfolios to capitalize on the potential growth of AI technologies.

The $GM-$NVDA partnership has a direct impact on AI-related tokens, as it highlights the growing importance of AI in real-world applications. The increased trading volumes and price movements of $FET and $AGIX demonstrate the market's anticipation of further AI advancements. The correlation with major crypto assets like $BTC and $ETH is also noteworthy, as their price movements suggest a broader market sentiment shift towards AI-related investments. Potential trading opportunities in the AI/crypto crossover include long positions in AI tokens like $FET and $AGIX, as well as monitoring AI-driven trading volume changes, which could signal further market movements. The influence of AI developments on crypto market sentiment is becoming increasingly significant, as investors seek to capitalize on the potential growth of AI technologies.

The Kobeissi Letter

@KobeissiLetter

An industry leading commentary on the global capital markets.