4 ms·
Might be true, but I think you should look at Nvidias stock price.
by uxp100 4y ago
Might be true, but I think you should look at Nvidias stock price.
- tric 4y agoTake a look at Bitcoin. It's up 80% from the recent bottom. NVDA is up 140% for similar reasons: the market anticipates the tightening cycle is over. It's up more than Bitcoin because of the AI narrative. It's also possible money is moving out of bank stocks (compare to KRE or XLF), small/mid-cap stocks (compare to IWM), and other semiconductor stocks (compare to SMH). This trend could mean-revert into the new quarter. The comment I was originally addressing was about the decline, not the rally.