On January 7, Nvidia fell 6.22%, and its market value evaporated by nearly 1.7 trillion. Why did Nvidia, which had been advancing all the way, plummet?
Some time ago, I said that China's foreign exchange reserves were just enough to buy Nvidia.
According to the latest market value after Nvidia's plunge on January 7,
Compared with the latest data released by the State Administration of Foreign Exchange, China's foreign exchange reserves: 320.24 billion US dollars,
Assuming that Nvidia's stock price does not rise in the case of acquisition,
it is impossible to buy it all.
China's foreign exchange reserves of such a large volume cannot buy Nvidia,
which shows how high the bubble of the US stock market is.
Back to the topic:
1. The market actively corrected its excessive optimism about AI.
2. Industry competition intensified, and Nvidia's financial report performance was lower than expected.
3. The overall market sentiment is pessimistic about the future, and risk appetite is reduced.
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