Nvidia's stock price volatility exceeds Bitcoin's
Driven by the AI boom, the volatility of NVIDIA (NVDA.O), one of the hottest US stocks, has even surpassed that of Bitcoin. Boosted by industry companies' investment in purchasing NVIDIA chips, the company's stock price has soared all the way up until Tuesday, when it fell by 7%, marking its biggest drop in over three months and causing a decrease in market value of $193 billion. NVIDIA's stock price has fallen by 23% since July 10th, highlighting a risk that was not noticed when the stock price was rising: at least according to a key indicator, its volatility is roughly twice that of Bitcoin's. Despite the fall in stock price this month, NVIDIA has still risen by about 109% this year, surpassing any other stock in the SP 500 index, except for another company benefiting from AI application device investment, Super Micro Computer Inc.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TSMC faces slower October sales as AI chip hype fades
Share link:In this post: TSMC’s October sales growth slowed to 29.2%, the lowest since February, hinting at fading AI chip demand. Rising electricity costs in Taiwan are also hitting TSMC’s margins, with industrial power rates now higher than in competing regions like the U.S. and Japan. Taiwan’s price hikes, reliance on fossil fuels, and limited renewables create risks for TSMC’s production and expansion plans.
Palworld developer hit with $66,000 lawsuit from Pokémon Company
Share link:In this post: Pocketpair received a 10 million yen lawsuit from Nintendo and the Pokemon Company. The company also revealed the three patents against it, which are related to the gameplay mechanics. These patents are part of a parent patent registered 2 years earlier by Nintendo and Pokemon Company.
Pro-crypto Treasury Secretary could be appointed under Trump 2.0, according to Polymarket
Share link:
BRICS will push through de-dollarization regardless of Trump’s win
Share link:
Trending news
MoreCrypto prices
More
