Swan Bitcoin CEO: The chances of Nvidia stock beating Bitcoin again in the next decade are “almost zero”
Investment strategist Lyn Alden has stated that NVIDIA is one of the few assets that has outperformed Bitcoin in the past decade. Data shows that from May 23, 2014 to May 23, 2024, the investment return rate of NVIDIA was 21,558%, while the return rate of Bitcoin was 13,048%. However, Swan Bitcoin CEO Cory Klippsten believes that the likelihood of NVIDIA's stock outperforming Bitcoin in the next 10 years is almost zero. Since the approval of the Bitcoin exchange-traded fund (ETF) on January 10th, Bitcoin's rise has been slightly better than NVIDIA's, with return rates of 31.7% and 30.2%, respectively.
Nvidia's US stock price rose 7% before the market opened, breaking through the $1,000 mark
Nvidia's pre-market stock rose by 7%, breaking through the $1000 mark, and its market value increased by more than $160 billion. There is a high probability that it will continue to hit a new historical high on Thursday. The company's first-quarter financial report showed that its revenue, profits, and Q2 guidance all exceeded market expectations. Nvidia also announced that it will increase its cash dividend per common share from $0.04 to $0.10 (corresponding to $0.01 per share after the split).
Nvidia's Earnings Announcement and Other Tech News Updates
Nvidia is expected to announce a significant increase in sales and earnings per share in their upcoming earnings report, thanks to their involvement in the field of artificial intelligence. The focus will be on their plans for future growth. Other news this week includes Target's disappointing earnings, rumors of an Ethereum-based ETF, and Pixar's layoff of 14% of their workforce. Meanwhile, all eyes are on Nvidia's report, overshadowing the release of the FOMC meeting minutes. Tastytrade, Inc. provides educational content on the loading of a video player script, CSS stylesheet link, and HLS script in an iframe document, but it is not intended as investment advice.
Nvidia announces next-generation artificial intelligence supercomputer
Nvidia has announced its next generation of artificial intelligence supercomputers. Nvidia CEO Jensen Huang announced the launch of a "very powerful" new generation of AI chips: Blackwell GPU. He said many organizations are expected to adopt Blackwell, such as Amazon Web Services, Dell, Google, Meta, Microsoft, OpenAI, Oracle, Tesla, and XAI. Blackwell supports the construction of real-time generative AI.
NVIDIA rises 5%, shares top $915
Nvidia has risen 5% and is now priced at $915.54. Nvidia will hold the GTC 2024 conference from March 18th to 21st, announcing the latest breakthroughs in accelerated computing, generative AI, and robotics.
Nvidia rose more than 3% before the market opened, and its market value is quickly approaching Apple's
Nvidia (NVDA.O) rose 3.4% in pre-market trading on Friday, making it likely to rise for the seventh consecutive trading day, the longest streak since November last year. As there are no signs of a decrease in demand for artificial intelligence chips, the market value of the chip manufacturer has increased by over 1 trillion dollars so far this year. Currently, Nvidia's (NVDA.O) total market value is about 2.32 trillion dollars, while Apple's market value has shrunk to 2.61 trillion dollars.
Three major U.S. stock indexes open higher, NVIDIA stock price hits new high
The US stock market opened with the Dow up about 240 points, the S&P 500 index up 1.39%, and the Nasdaq up 2.05%. Nvidia (NVDA.O) surged more than 11% after its earnings report, reaching a new all-time high.
NVIDIA stock price stands above $500, hitting new intraday high
Nvidia (NVDA.O) rose more than 3.2%, with the stock price reaching $500 and hitting a new intraday high.
Nvidia to Begin Mass Production of H20 AI Chip for China in Q2 2024 Despite Delays and Restrictions
Nvidia, a U.S. chipmaker, will begin mass production of its H20 artificial intelligence (AI) chip for China in Q2 2024. The H20 chip is the most powerful of three China-focused chips developed by Nvidia, but its initial production volume will be limited and prioritized for major customers. Chinese companies have been hesitant to purchase the downgraded H20 and have explored domestic alternatives due to concerns about potential U.S. restrictions. To regain its position in China, Nvidia plans to release two more chips, the L20 and L2, which comply with new regulations but have reduced computing power.
Nvidia will launch "exclusive chip" RTX 4090D to the Chinese market, with about 10% fewer processor cores
Chip manufacturer NVIDIA will officially launch the GeForce RTX 4090 D gaming graphics card in the Chinese market. Previously, high-end gaming graphics cards affected by the US government's new chip export regulations included the RTX 4090. The GeForce RTX 4090 D is a product specifically launched by NVIDIA to respond to the latest export control measures of the US government, and an NVIDIA spokesperson stated in an email that "the design of the GeForce RTX 4090 D complies with the US government's export control and will only be sold in China."
