Nvidia Stock Decline Shows Bitcoin Is Still Much More Stable - Coincu
BTC $53604.749 -5.10%
ETH $2239.539 -5.90%
BNB $486.943 -3.83%
XRP $0.522 -4.34%
BTC ETH BNB ADA SOL AVAX DOGE LINK TRX
USD EUR GBP JPY AUD CAD CHF CNY
Convert
LIVE UPDATES • Nvidia Stock Decline Shows Bitcoin Is Still Much More Stable • Bitcoin Hash Rate Continues to Increase With New All Time High • SEC Coinbase Lawsuit Continues With Court Approvals for Exchange • VanEck Ethereum Futures ETF Closure As Investors Turn To Spot ETHV • Ethereum Pectra Devnet 2 Bug Fixes Are Nearing Completion • Exploring the Future of Crypto Trading with Blockchain Technology • Bitcoin Volatile As Market Awaits Impact Of U.S. Jobs Report Data • Aleph Zero Joins CAMARA as the First Blockchain Organization • CBR Crypto Payments System Aims To Bypass Western Sanctions • Embracing the Synergy of Blockchain and Crypto Trading for Future Success
News Nvidia Stock Decline Shows Bitcoin Is Still Much More Stable 1 hours ago - Around 3 mins mins to read
Key Points:
Nvidia lost approximately $406 billion in value this week, driven by investor concerns over the US economy and an overhyped AI market.
The Nvidia stock decline has shown extreme volatility, with a 30-day realized volatility of 80, surpassing even Bitcoin and other tech stocks.
Nvidia stock decline erased some $406 billion in value this week alone, as the more comprehensive takeaways from this quarter beat expectations overall but point to heavy selling across the board into key equity benchmarks.
Nvidia Stock Decline With Extreme Volatility
According to Bloomberg, the Nvidia stock decline coincides with the overall worry about the health of the US economy and the sustainability of the booming AI trade that may have overextended itself for some.
In the past fortnight alone, Nvidia, the world’s largest producer of AI chips, has seen a fifth of its market value vaporized. Its volatility has leapt above both its cohorts in the “Magnificent Seven” grouping of technology stocks, and Bitcoin too.
At the same time, over the past 30 trading days, shares in Nvidia have swung in a range from $90.69 to $131.26, forcing its 30-day realized volatility to 80-that’s four times that of Microsoft, twice as much as Bitcoin and even more than meme stocks like Donald Trump’s media company and Elon Musk’s Tesla.
The recent Nvidia stock decline was the worst two-week stretch in two years for the company. A lukewarm forecast and technical issues with the company’s Blackwell chip were some of the reasons that cooled investor optimism. Besides that, subpoenas from the US Justice Department connected with an antitrust probe, along with a disappointing sales forecast from Broadcom, have not been helpful to sentiment toward chipmakers.
Earnings Shortfall Clouds Long-Term AI Investment Outlook
Even with this pullback, Nvidia has been an outperformer for investors in 2024, up more than 100% year-to-date, adding $1.3 trillion in market value. Major customers like Microsoft, Meta, Alphabet, and Amazon have all reaffirmed spending on the infrastructure needed for AI trends, which are likely to continue well into quarters more to come.
While Nvidia’s latest earnings report beat estimates both for revenue and adjusted earnings, failure to meet expectations on the high end has reined in investor enthusiasm accustomed to nothing less than spectacular. That has been dampening optimism about the sustainability of AI-related spending, and there is ongoing volatility in its shares. To the long-term investor, though, this may be a buying opportunity.
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Related Posts
Catizen Announced an 18-Day Countdown May Reveal Massive Airdrop? Advanced Strategies for Crypto Trading Uniswap Labs Settlement With CFTC Completes $175,000 Fine Robinhood Crypto Ban Leads Platform to $3.9 Million Fine Former FTX Exec Ryan Salame Fails to Save His Partner Uphold USD Interest Accounts Launched With Up To 5% APY Bitcoin ATM Scams Are Soaring: FTC Report Riot Vs Bitfarms Heats Up As Bitfarms Responds To Misleading Claims
Nvidia Stock Decline Shows Bitcoin Is Still Much More Stable
Key Points:
Nvidia lost approximately $406 billion in value this week, driven by investor concerns over the US economy and an overhyped AI market.
The Nvidia stock decline has shown extreme volatility, with a 30-day realized volatility of 80, surpassing even Bitcoin and other tech stocks.
Nvidia stock decline erased some $406 billion in value this week alone, as the more comprehensive takeaways from this quarter beat expectations overall but point to heavy selling across the board into key equity benchmarks.
Nvidia Stock Decline With Extreme Volatility
According to Bloomberg, the Nvidia stock decline coincides with the overall worry about the health of the US economy and the sustainability of the booming AI trade that may have overextended itself for some.
In the past fortnight alone, Nvidia, the world’s largest producer of AI chips, has seen a fifth of its market value vaporized. Its volatility has leapt above both its cohorts in the “Magnificent Seven” grouping of technology stocks, and Bitcoin too.
At the same time, over the past 30 trading days, shares in Nvidia have swung in a range from $90.69 to $131.26, forcing its 30-day realized volatility to 80-that’s four times that of Microsoft, twice as much as Bitcoin and even more than meme stocks like Donald Trump’s media company and Elon Musk’s Tesla.
The recent Nvidia stock decline was the worst two-week stretch in two years for the company. A lukewarm forecast and technical issues with the company’s Blackwell chip were some of the reasons that cooled investor optimism. Besides that, subpoenas from the US Justice Department connected with an antitrust probe, along with a disappointing sales forecast from Broadcom, have not been helpful to sentiment toward chipmakers.
Earnings Shortfall Clouds Long-Term AI Investment Outlook
Even with this pullback, Nvidia has been an outperformer for investors in 2024, up more than 100% year-to-date, adding $1.3 trillion in market value. Major customers like Microsoft, Meta, Alphabet, and Amazon have all reaffirmed spending on the infrastructure needed for AI trends, which are likely to continue well into quarters more to come.
While Nvidia’s latest earnings report beat estimates both for revenue and adjusted earnings, failure to meet expectations on the high end has reined in investor enthusiasm accustomed to nothing less than spectacular. That has been dampening optimism about the sustainability of AI-related spending, and there is ongoing volatility in its shares. To the long-term investor, though, this may be a buying opportunity.
Visited 1 times, 1 visit(s) today
Other Posts
Related Posts
Knowledge
- 238 days ago 12 mins
Crypto To Crypto Converter: Detailed Guide For Beginners And Important Notes
Casino Reviews
- 362 days ago 19 mins
Top Bitcoin Gambling Sites In 2024
Casino Reviews
- 362 days ago 49 mins
Top Bitcoin Casino Sites In 2024
Other Reviews
- 185 days ago 16 mins
Unstable Diffusion Review: AI Tool Creates Unique Realistic Images
Casino Reviews
- 322 days ago 16 mins
Best Tether Casino Sites With USDT Bonuses 2024
Knowledge
- 238 days ago 12 mins
Fiat To Fiat Converter: Detailed Guide For Beginners And Important Notes
Knowledge
- 229 days ago 10 mins
30-50X Meme Coin List! (That Potentially Work)
Knowledge
- 176 days ago 9 mins
Top 5 cloud mining platforms for Bitcoin mining
24h 7D 30D Trending
- 1 days ago 2 mins
Telegram Founder Pavel Durov Speaks Out First Time After Arrest
- 14 hours ago 2 mins
Bitcoin Volatile As Market Awaits Impact Of U.S. Jobs Report Data
- 1 days ago 3 mins
Former FTX Exec Ryan Salame Fails to Save His Partner
- 21 hours ago 2 mins
Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak
- 23 hours ago 3 mins
Changpeng Zhao Ban Limits CEO Control But Preserves Shareholder Power: Report
- 7 days ago 2 mins
Bitcoin ETF Outflow Sees 9 Days of Market Negativity in August
- 7 days ago 2 mins
Salvadoran Bitcoin Payment Continues to Promote at Starbucks
- 2 days ago 2 mins
ApeCoin Plans Boost for Bored Ape Growth Pre-ApeChain Launch
- 7 days ago 2 mins
Bankrupt Bitcoin Miner Rhodium Receives $30 Million Loan Funding Approval
- 7 days ago 2 mins
Spot Ethereum ETF Still Shows No Signs of Flow
Press Releases
- 29 days ago 3 mins
Shiba Inu (SHIB) Makes Way For New Cryptocurrency Rival Predicted To 2000x Profits
- 21 days ago 2 mins
DOGS Airdrop Claim Is Now Available for Users
Airdrop
- 18 days ago 3 mins
Massive Simon’s Cat Airdrop to Pounce on FLOKI Holders via Binance
- 30 days ago 3 mins
Ripple SEC Lawsuit Continues to See a Victory for XRP
- 25 days ago 3 mins
Kamala Harris Proposes 28% Crypto Tax Rate For Wealthy Fairness: BBG
Latest
view more
- 1 hours ago 3 mins
1 hours ago
7 Sep
Nvidia Stock Decline Shows Bitcoin Is Still Much More Stable September 7, 2024
- 1 hours ago 2 mins
1 hours ago
7 Sep
Bitcoin Hash Rate Continues to Increase With New All Time High September 7, 2024
- 2 hours ago 3 mins
2 hours ago
7 Sep
SEC Coinbase Lawsuit Continues With Court Approvals for Exchange September 7, 2024
TOP Casino Projects
view more
Press Release
view more
- 15 hours ago 3 mins
15 hours ago
6 Sep
Aleph Zero Joins CAMARA as the First Blockchain Organization
- September 5, 2024 3 mins
September 5, 2024
5 Sep
- September 5, 2024 4 mins
September 5, 2024
5 Sep
Gate Ventures Invests in Japan’s Largest Web3 Gaming Pioneer, double jump.tokyo, Paving the Way for Web3 Mass Adoption
Key Points:
Nvidia lost approximately $406 billion in value this week, driven by investor concerns over the US economy and an overhyped AI market.
The Nvidia stock decline has shown extreme volatility, with a 30-day realized volatility of 80, surpassing even Bitcoin and other tech stocks.
Nvidia stock decline erased some $406 billion in value this week alone, as the more comprehensive takeaways from this quarter beat expectations overall but point to heavy selling across the board into key equity benchmarks.
Nvidia Stock Decline With Extreme Volatility
According to Bloomberg, the Nvidia stock decline coincides with the overall worry about the health of the US economy and the sustainability of the booming AI trade that may have overextended itself for some.
In the past fortnight alone, Nvidia, the world’s largest producer of AI chips, has seen a fifth of its market value vaporized. Its volatility has leapt above both its cohorts in the “Magnificent Seven” grouping of technology stocks, and Bitcoin too.
At the same time, over the past 30 trading days, shares in Nvidia have swung in a range from $90.69 to $131.26, forcing its 30-day realized volatility to 80-that’s four times that of Microsoft, twice as much as Bitcoin and even more than meme stocks like Donald Trump’s media company and Elon Musk’s Tesla.
The recent Nvidia stock decline was the worst two-week stretch in two years for the company. A lukewarm forecast and technical issues with the company’s Blackwell chip were some of the reasons that cooled investor optimism. Besides that, subpoenas from the US Justice Department connected with an antitrust probe, along with a disappointing sales forecast from Broadcom, have not been helpful to sentiment toward chipmakers.
Earnings Shortfall Clouds Long-Term AI Investment Outlook
Even with this pullback, Nvidia has been an outperformer for investors in 2024, up more than 100% year-to-date, adding $1.3 trillion in market value. Major customers like Microsoft, Meta, Alphabet, and Amazon have all reaffirmed spending on the infrastructure needed for AI trends, which are likely to continue well into quarters more to come.
While Nvidia’s latest earnings report beat estimates both for revenue and adjusted earnings, failure to meet expectations on the high end has reined in investor enthusiasm accustomed to nothing less than spectacular. That has been dampening optimism about the sustainability of AI-related spending, and there is ongoing volatility in its shares. To the long-term investor, though, this may be a buying opportunity.
Visited 1 times, 1 visit(s) today