Bitcoin

This event shows that institutional players like JPMorgan are actively picking winners and losers in AI, which could spill into the crypto AI token space (FET, AGIX, RNDR) as traders seek correlated plays. The simultaneous downgrade of a rival highlights a zero-sum mentality that also pervades altcoin rotations, where capital flows from perceived weak to strong projects.

Shares of Chinese AI company Zhipu surged 48% after JPMorgan raised its price target and downgraded rival MiniMax.