Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Nvidia's Shares Fall Amid Concerns Over AI Stock Bubble

Nvidia's Shares Fall Amid Concerns Over AI Stock Bubble

CointimeCointime2024/06/24 00:28
By:Cointime

Last week, Nvidia's shares dropped by almost 7%, leading to concerns that the company's stock price may have peaked. Despite this, Nvidia's shares are still up 156% year-to-date and the company has exceeded analysts' expectations of earnings and profit growth. While there may be a disconnect between Nvidia's share price and business performance, investors are still willing to pay for growth. Although there is a risk of a drawdown, it is unlikely that there will be a bubble-bursting crash in all AI-related stocks.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!