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 4th 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.
Ibinex Augments User-Experience For Bitcoin Procurement
There are several debates sparked when it comes to Crypto being a safe investment or not. Crypto is not singular but rather a digital currency that’s multifarious. Thus there’s always a possibility of people succumbing to scammers, cryptojackers, and malicious crypto platforms. However this isn’t the sole worry of Crypto investors, any kind of investment is usually subject to market risks. Bitcoin is a highly volatile currency too. The currency is decentralized and not under the jurisdiction of any one particular state authority. Instead, it has many stakeholders all working at different levels to maintain the currency’s relevance. While investors like the idea of non-interference by governments many don’t realize that this jeopardizes Bitcoin’s value as a currency. In fact, Bitcoin investment comes with a speculative risk i.e you might become a rags to riches sensation overnight and vice-versa. Any Bitcoin is valuable as long as it’s considered valuable by Bitcoin traders. Despite Crypto being a hit amongst billionaire personalities like Elon Musk and Jack Dorsey that alone isn’t suffice to seal the deal. To ensure a safe crypto investment crypto users must-
- Gain basic knowledge about how Crytpo works and if Crypto protocols align with their investment portfolio.
- Seek the experiences of several crypto users before jumping on the bandwagon because remember the OneCoin scam? Yeah.
- Set a limit to how much you invest in Crypto platforms. Crypto can be a star player in your investment portfolio if it’s in coordination with apt passive and long-term growth investment strategies.
- Conduct thorough research of the Crypto platform you wish to speculate your capital into.
- Check what restraints are placed on your Crypto asset or what can you do with it.
- Steer clear from weak passwords and Ponzi schemes offered by several unknown blacklisted crypto platforms.
- Start with putting your money in more known and popular crypto platforms like Bitcoin, Ethereum, etc.
- Look for recognized firms or exchange bases especially if you’re a novice trader.
With the digitalization of our era, it’s no surprise that we are most probably moving towards an era where digital currencies might take over the world. Ibinex is a trading platform that acts as a one-stop solution to crypto exchange problems. The transactions may simply be carried out using your credit card and users can easily register for the platform. Ibinex qualifies as a safe option for Crypto trading as-
- Ibinex is a white-label organization i.e there’s no third-party interference.
- It offers guarded transactions with its fraud detection mechanism and two-factor authentication.
- Ibinex acts hard and fast on attempts to personal information theft and other security breaches.
- A 24×7 responsive support team that aids in resolving queries and assists new users with their Crypto venture.
- Users can efficiently set up their crypto profiles to buy, sell or trade digital currency within 3 minutes.
- Ibinex has its digital assets preserved via cold storage.
Ibinex acts as a bridge for users who wish to invest and explore the fiat currency. The users are however suggested to tread with care and equip themselves with all the required knowledge.
- E-Commerce Newcomer Temu Seeks to Democratize Shopping September 23, 2022
- Ibinex Augments User-Experience For Bitcoin Procurement September 22, 2022
- Axel Armani’s PassYourChallenge And Trading Bot Helps Traders Acquire 6-Figure Funding September 21, 2022
- How to Know if You’re Depressed September 21, 2022
- Can I use Cloud Phones for Online Casinos in Michigan? September 19, 2022
- Danny Warbuckz, The Modern Day Businessman September 19, 2022
- How to Get Full Custody of Your Child September 16, 2022
- Emily Alexandra Cosmetics Owner Talks Building a Business September 16, 2022
- Party Comedy Movies that are an absolute must-watch! September 15, 2022
- Best Action Films To Watch September 15, 2022
Tech1 year ago
Effuel Reviews (2021) – Effuel ECO OBD2 Saves Fuel, and Reduce Gas Cost? Effuel Customer Reviews
Tech3 years ago
Bosch Power Tools India Launches ‘Cordless Matlab Bosch’ Campaign to Demonstrate the Power of Cordless
Lifestyle3 years ago
Catholic Cases App brings Church’s Moral Teachings to Androids and iPhones
Lifestyle2 years ago
East Side Hype x Billionaire Boys Club. Hottest New Streetwear Releases in Utah.
Tech4 years ago
Cloud Buyers & Investors to Profit in the Future
Lifestyle2 years ago
The Midas of Cosmetic Dermatology: Dr. Simon Ourian
Health3 years ago
CBDistillery Review: Is it a scam?
Entertainment3 years ago
Avengers Endgame now Available on 123Movies for Download & Streaming for Free