Mark Cuban says AI chips will be the ‘new crypto’

Mark Cuban said on Aug. 16 that “chips as an asset class will be the new crypto,” offering a one-line prediction as artificial intelligence drives demand for advanced computing hardware. Summary Mark Cuban said chips as an asset class could become the next crypto-like investment category. CoreWeave closed a $2.6 billion facility this month backed by long-term confidence in GPU demand. Nvidia reported quarterly data center revenue of $75.2 billion, rising 92% year over year recently. CoreWeave has pioneered GPU-backed financing, showing chips already function as collateral within institutional credit markets. Bitcoin advocate Pierre Rochard rejected Cuban’s analogy because chip manufacturing lacks halvings and difficulty adjustments. Cuban did not identify a financial product, investment structure or timetable in his post. The comment has been widely interpreted as referring to high-end AI accelerators such as GPUs. However, Cuban did not explicitly define which chips he meant. His claim therefore remains a broad investment thesis rather than an announced business venture or established asset category. Chips as an asset class will be the new crypto— Mark Cuban (@mcuban) August 15, 2...