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Nvidia Stock Volatility Surpasses Bitcoin and Ether
2024-07-31 09:00:08
Stocks
Markets
Finance

Nvidia Stock Volatility Surpasses Bitcoin and Ether

Nvidia's stock has plunged 8% amid investor rotation, marking a 25% drop from its highs. The surge in 30-day options implied volatility from 48% to 71% has surpassed Bitcoin and Ethereum, reflecting increased hedging by market makers.

Nvidia's correlation with Bitcoin is strong at 0.73, making it a sentiment barometer for both equity and crypto markets. The high volatility risk has propelled Nvidia's implied volatility beyond that of major cryptocurrencies.

Investors are closely watching as Nvidia's stock continues to exhibit remarkable fluctuations.

Related news on that topic:

Mixed Signals in Tech Stocks Amid AI Debate

Microsoft's disappointing cloud revenue and slower growth, along with the surge in chipmakers AMD and Nvidia, highlight the divide in the AI rally. Tech giants Meta and Amazon also saw a decline, while investors expressed concern over the costs of AI investments. Analysts commented on the hype and spending surrounding AI. The debate over the viability of the AI boom continues, with US chip export curbs and fears of China accessing advanced tech. Despite Microsoft's earnings miss, the company plans to continue its AI investments. Alphabet's disclosure of its growing AI bills impacted related stocks like Nvidia and Arm. The market for AI chips is growing, driven by cloud computing giants, and there is expected future demand for on-device AI processing. However, concerns over the return on investment and the environmental impact of AI dominance cannot be ignored.

The press radar on this topic:

Yahoo Finance
30. Juli 2024 um 19:13

Why Nvidia Stock Continued to Slide Today

Finance
Technology
Economy
Nvidia, a leading AI chip and software maker, saw its stock fall 8%, down 25% from highs, amid investor rotation. CEO Huang has sold shares via a Rule 10b5-1 plan. Nvidia reports Q2 soon. The stock has doubled YTD. The Motley Fool's stock picks have more than quadrupled the S&P 500 since 2002.
CoinDesk
31. Juli 2024 um 06:19

Nvidia Becoming More Volatile Than Bitcoin and Ether

Finance
Nasdaq-listed Nvidia, hailed by Goldman Sachs as the world's most important stock this year, has seen its 30-day options implied volatility surge from 48% to 71%, surpassing the volatility of Bitcoin and Ethereum. This is likely due to hedging activity by market makers, a phenomenon also seen in the crypto market and the U.S. stock market, where SPY and QQQ have experienced significant declines caused by negative gamma hedging. Nvidia has emerged as a barometer of sentiment for both equity and..
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