Meteoric Bitcoin Rally Won’t Rescue Nvidia’s Flailing Stock

News

By CCN: Nvidia previously blamed its negative earnings report on “crypto winter,” the vaunted extended bear market which Bitcoin appears to have finally exited. The incredible rally of the past couple weeks means many industries related to crypto will see increased demand and valuation – everything from mining to software development will be in fashion again. However, NVDA shareholders should not count on another cryptocurrency boom to rescue the ailing chipmaker. Analysts Worry about Nvidia as Stock Implodes Nvidia stock continues to teeter on the brink, and the company’s first-quarter earnings report isn’t looking very healthy, according to Wall Street…
Click Title Below To Read Details From Source:
Meteoric Bitcoin Rally Won’t Rescue Nvidia’s Flailing Stock

Leave a Reply

Your email address will not be published. Required fields are marked *