Business

Nvidia Stock Drops by 54% in 4th Quarter of 2018

Published

5 years ago

December 22, 2018

Nvidia Stock Drops by 54% in 4th Quarter of 2018

Nvidia has been one of the best performers in S&P 500, with dramatically rising stock since early 2016 till September this year. But post that, the stock took an extremely bad hit, dropping by 54% in the stock price.

And this is not the only blow Nvidia received. Just ahead of Christmas weekend, the stock fell by 4.09%, closing at $ 129.57 on Friday. Since 2016, this has been the worst quarter for Nvidia.

But why has this blow occurred?

Nvidia was continuously rising due to the demand for processors to handle workload of AI and mining of crypto currencies. And that rise lifted its market value from $14 Billion to $175 Billion. But suddenly, in this quarter, majority of the investors dumped the stock of Nvidia, dropping it by whooping 54%.

This drop made it the worst performing S&P stock of 2018’s 4^th quarter.

But Nvidia is not the only stock that got hit. Due to this, many others also got caught in this whole dropping index domino, for example Nasdaq, which dropped 21% this quarter. Many other chip stocks also got hit, just like Nvidia.

So this quarter performed poor for majority of chip manufacturing companies, including Nvidia, Micron, AMD, and many more.

And the primary reason for Nvidia’s drop is its relation to crypto currencies, specially the bitcoin. The bitcoin crashed severely this year. And that reduced the demand for the graphic processing units of Nvidia, which eventually led investors to back off from its stock. But this was not the sole reason.

Nvidia also used to provide data center requirements to cloud providers like Amazon. This segment failed to meet the estimates of Wall Street, which also became a major factor to its downfall. But now, when the maximum downfall has already occurred, both in cryptocurrencies as well as Nvidia, we are hoping to see rise this coming year.

Business

EFX Algo’s April Ascendancy: Commanding $37.63 Million in Deposits with Profits Soaring to $3.27 Million

Published

3 days ago

April 30, 2024

Matthew Wiles

As of April 11, 2024, EFX Algo stands out as a formidable force in the automated trading industry, showcasing extraordinary growth with a record-breaking $39 million in deposits across over 520 accounts. This month alone, EFX Algo realized gains of $321.24k, contributing to an impressive yearly profit of $2.75 million, cumulating a total profit of $3.5 million.

This financial technology powerhouse, co-founded by industry leaders Danny Reardon, Bogdan Padua, and Joe Amara, revolutionized the investment landscape by merging advanced technology with deep market insight to deliver a truly automated, hands-free trading experience.

EFX Algo is marking a significant footprint in the financial technology landscape. This article delves into the remarkable achievements of EFX Algo, spotlighting its rapid growth and the exceptional monthly gains that captivate investors globally.

A Financial Phenomenon

EFX Algo began as an idea between co-founders with a shared ambition to democratize the trading market. Today, it stands as a juggernaut in automated trading, having processed over $39 million in deposits across hundreds of accounts. As of recent evaluations, EFX Algo manages these substantial funds and delivers impressive gains, with reports showing an upward trajectory of $1.43 million in profits in just one month.

“We created a platform that exhibits robust performance and reliability time and again,” Reardon said. “I think I speak for all of us at EFX Algo when I say we are proud to show our numbers, because they reflect our aims: Democratized trading profits for all.”

Innovative Trading Strategies and Performance Metrics

At the heart of EFX Algo’s success are its innovative trading strategies, designed to cater to various investor profiles from conservative to aggressive. The platform’s ability to yield consistent returns is evidenced by its performance metrics, boasting gains that significantly outperform traditional investment benchmarks.

“We employ a diversified approach, meticulously back-tested and refined, to ensure stability and growth amidst the volatile financial markets,” said Reardon.

Unparalleled Support and Client Success Stories

Beyond its financial accomplishments, EFX Algo shines in customer support and satisfaction. The platform has been likened to having a personal assistant, akin to ‘Alfred from Batman,’ always ready to assist and enhance the investment journey.

Testimonials abound of users experiencing substantial portfolio growth, with one investor highlighting a 20.5% increase in just four months.

“We care about empowering investors with the tools and support necessary for success,” Reardon shared.

A Transparent and Trustworthy Trading Partner

Transparency and trust form the cornerstone of EFX Algo’s philosophy. Through real-time data verification with Myfxbook, clients and would-be clients alike can independently assess the platform’s performance, ensuring that their investment decisions are based on genuine and untampered data.

“We believe our openness cements our reputation as a reliable partner in the automated trading industry,” Reardon said. “We are building a community of informed and enabled investors.”

A Visionary Leap into the Future of Trading

EFX Algo is a vision realized, transforming the space of automated trading and setting new benchmarks in financial technology innovation. As it continues to grow and expand its horizons, EFX Algo proves to be a gateway to financial equipment and independence. With its impressive growth, consistent performance, and dedication to client success, EFX Algo stands as a paragon of investment excellence, reshaping the future of trading one transaction at a time.

About EFX Algo

Founded by Danny Reardon, Bogdan Padua, and Joe Amara, EFX Algo is an innovative, fully-automated trading bot designed to provide 100% hands-free, high-return investment opportunities by transforming yearly gains into monthly profits, previously exclusive to an educational network and now available to the general public. The software is designed to manage investments and execute trades in the financial markets without the need for manual intervention. For more information, please visit: https://www.efxalgo.com