NVIDIA's stock price volatility exceeds that of Bitcoin

China Finance Online
2024.07.31 01:01

NVIDIA's stock price volatility exceeds that of Bitcoin, dropping by 7%. Although the stock price fell this month, it has still risen by about 109% year-to-date

With the push of the artificial intelligence boom, NVIDIA, one of the hottest US stocks, has seen volatility even surpassing that of Bitcoin. Boosted by industry companies investing in NVIDIA chips, the company's stock price had been soaring significantly, but it dropped by 7% on Tuesday, marking the largest decline in over three months and reducing its market value by $193 billion.

Since July 10th, NVIDIA's stock price has fallen by 23%, highlighting a risk reversal that was not paid attention to when the stock was rising: at least by one key indicator, its volatility is roughly twice that of Bitcoin. Despite the price pullback this month, NVIDIA has still risen by about 109% year-to-date, outperforming any other stock in the S&P 500 index, except for another company benefiting from AI application device investments, Super Micro Computer Inc

Source: China Finance Online The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.