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Nvidia CEO's Stock Sale Raises Eyebrows Amidst Strong Company Performance. đ«âĄ
Nvidia CEO Jensen Huang's recent sale of over $104 million in company shares has sparked concerns in the investor community. These transactions occurred between September 3 and 11, 2024, raising questions about the motives behind such a substantial insider sale.
Despite this move, Nvidia's stock remains robust. It recently reached a 52-week high and continues to trade at a healthy level. The company's leadership position in the AI sector, with high demand for its products and upcoming innovations like the Blackwell chips, likely contribute to investor confidence.
However, this isn't an isolated event. Over the past year, a considerable amount of insider selling has taken place, adding to investor apprehension. While insider sales don't necessarily foreshadow a downturn, it's certainly noteworthy, especially considering Nvidia's crucial role in the AI landscape.
The company's ongoing technological advancements and efforts to address global chip shortages could suggest that Huang's decision is more a personal financial move than a negative signal about Nvidia's future. Investors will undoubtedly continue to watch closely for any further developments.
#Nvidia #NVDA #JensenHuang #Nasdaq
Nvidia CEO Jensen Huang's recent sale of over $104 million in company shares has sparked concerns in the investor community. These transactions occurred between September 3 and 11, 2024, raising questions about the motives behind such a substantial insider sale.
Despite this move, Nvidia's stock remains robust. It recently reached a 52-week high and continues to trade at a healthy level. The company's leadership position in the AI sector, with high demand for its products and upcoming innovations like the Blackwell chips, likely contribute to investor confidence.
However, this isn't an isolated event. Over the past year, a considerable amount of insider selling has taken place, adding to investor apprehension. While insider sales don't necessarily foreshadow a downturn, it's certainly noteworthy, especially considering Nvidia's crucial role in the AI landscape.
The company's ongoing technological advancements and efforts to address global chip shortages could suggest that Huang's decision is more a personal financial move than a negative signal about Nvidia's future. Investors will undoubtedly continue to watch closely for any further developments.
#Nvidia #NVDA #JensenHuang #Nasdaq
[CO] US CLOSE
S&P 500: +1.20%
Nasdaq: +2.02%
Dow Jones: +0.78%
#SP500 #Nasdaq #DowJones #BNB #bearorbull
S&P 500: +1.20%
Nasdaq: +2.02%
Dow Jones: +0.78%
#SP500 #Nasdaq #DowJones #BNB #bearorbull
[CO] US OPEN đ„
S&P 500: +0,14%
Nasdaq: +0,30%
Dow Jones: +0,25%
#SP500 #Nasdaq #DowJones #crypto2023 #bearorbull
S&P 500: +0,14%
Nasdaq: +0,30%
Dow Jones: +0,25%
#SP500 #Nasdaq #DowJones #crypto2023 #bearorbull
We start super spectacular
Composite #Nasdaq +1.92%
#BTC Â +0.87% (stack)
Oil futures up 0.51%, $82.05
Gold leaving us a negative of -0.26%
Beware of US employment reports
For now very good news so you have to be very careful #BearorBull #AltaafTheBinancian
Composite #Nasdaq +1.92%
#BTC Â +0.87% (stack)
Oil futures up 0.51%, $82.05
Gold leaving us a negative of -0.26%
Beware of US employment reports
For now very good news so you have to be very careful #BearorBull #AltaafTheBinancian
đ°#Bitcoin made the best start to the year since 2013.
đșđž #Nasdaq records its best January since 2001 (January gain of 10.7%).
Source: #InformateurCrypto
#crypto2023 #bearorbull
đșđž #Nasdaq records its best January since 2001 (January gain of 10.7%).
Source: #InformateurCrypto
#crypto2023 #bearorbull
Bitcoin mining company GRIID begins trading on Nasdaq
Bitcoin mining firm GRIID began trading on the Nasdaq stock exchange today under the ticker symbol "GRDI."
"Today marks a significant milestone for GRIID as we begin to trade in the U.S. market," GRIID CEO Trey Kelly said in a statement. "We believe that our listing on Nasdaq will enhance our visibility, liquidity, and broaden our investor base as we continue to strengthen our market position and reinforce our commitment to delivering shareholder value."
The listing follows GRIIDâs merger with special purpose acquisition company Adit EdTech Acquisition Corp. on Jan. 2, over two years since the initial proposal.
GRIID was listed on Cboe Canada upon completion of the merger and will continue to trade on the Canadian exchange under the same ticker.
SPAC deal
In a SPAC deal, an acquiring company â formed with the purpose of acquiring a private firm â brings a private firm public.
Headquartered in Cincinnati, GRIID has operated bitcoin mining facilities since 2019, focused on securing affordable, reliable and environmentally responsible power. The company currently operates four U.S. mining facilities in Watertown, New York and Limestone, Maynardville and Lenoir City, Tennessee.
GRIID joins other bitcoin mining companies, such as Riot Platforms and Marathon Digital, to be listed on the Nasdaq.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#BlackRockCrypto #griid #Nasdaq #etf #TradeNTell $BTC
Bitcoin mining firm GRIID began trading on the Nasdaq stock exchange today under the ticker symbol "GRDI."
"Today marks a significant milestone for GRIID as we begin to trade in the U.S. market," GRIID CEO Trey Kelly said in a statement. "We believe that our listing on Nasdaq will enhance our visibility, liquidity, and broaden our investor base as we continue to strengthen our market position and reinforce our commitment to delivering shareholder value."
The listing follows GRIIDâs merger with special purpose acquisition company Adit EdTech Acquisition Corp. on Jan. 2, over two years since the initial proposal.
GRIID was listed on Cboe Canada upon completion of the merger and will continue to trade on the Canadian exchange under the same ticker.
SPAC deal
In a SPAC deal, an acquiring company â formed with the purpose of acquiring a private firm â brings a private firm public.
Headquartered in Cincinnati, GRIID has operated bitcoin mining facilities since 2019, focused on securing affordable, reliable and environmentally responsible power. The company currently operates four U.S. mining facilities in Watertown, New York and Limestone, Maynardville and Lenoir City, Tennessee.
GRIID joins other bitcoin mining companies, such as Riot Platforms and Marathon Digital, to be listed on the Nasdaq.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#BlackRockCrypto #griid #Nasdaq #etf #TradeNTell $BTC
đINVESTORS PULLED OUT $5.2 BILLION DOLLARS FROM THE $QQQ NASDAQ 100 ETF ON FRIDAY.đ
đTHIS WAS THE BIGGEST 1-DAY OUTFLOW SINCE THE DOT COM BUBBLE PEAK IN 2000.
đšTHE #Nasdaq 100 FELL 70% OVER THE NEXT 2 YEARS AFTER THAT, PER BLOOMBERG.
đŻïžShare your thoughts in the comments! đ
đSubscribe!đ€
đTHIS WAS THE BIGGEST 1-DAY OUTFLOW SINCE THE DOT COM BUBBLE PEAK IN 2000.
đšTHE #Nasdaq 100 FELL 70% OVER THE NEXT 2 YEARS AFTER THAT, PER BLOOMBERG.
đŻïžShare your thoughts in the comments! đ
đSubscribe!đ€
đ€ #IntoTheBlock : The correlation of $ETH to traditional markets like the #Nasdaq 100 is currently significantly higher than that of $BTC
BlackRock, Nasdaq, and the SEC convened to discuss the Bitcoin ETF.
#WebGTR #BlackRock #Nasdaq #BitcoinETFs #NFP
#WebGTR #BlackRock #Nasdaq #BitcoinETFs #NFP
Nasdaq To Launch Digital Asset Custody Services By End Of Q2
Nasdaq, the third largest stock exchange in the world, is set to launch digital asset custody services by the end of Q2. The move comes amidst a wave of cryptocurrency company bankruptcies, and the exchange aims to re-connect with the crypto space by joining other traditional financial firms in offering these services.
According to Ira Auerbach, Deputy Director of Nasdaq Digital Assets, the company is pushing for the necessary infrastructure development and license acquisition. Nasdaq has applied to the New York State Department of Financial Services (NYDFS) to establish a trustee company for its new business operations.
As reported by Bloomberg, the project was announced in September 2022, marking a major step for the stock exchange into the cryptocurrency space. Auerbach said that custody of Bitcoin and Ethereum will be the first step towards building a wider range of service offerings.
The price decline of most cryptocurrencies has led to a collapse of many companies in the industry, most notably the FTX exchange in November. The absence of a trading platform in the crypto space created an opportunity for Nasdaq to step in.
Nasdaq will provide custody services for cryptocurrencies alongside BNY Mellon and Fidelity. Additionally, the company is working on implementing asset tokenization for traditional financial assets such as bonds. They believe that blockchain technology will help make transactions more efficient.
Nasdaqâs entry into the cryptocurrency space highlights the growing interest of traditional financial players in the emerging asset class. This move also demonstrates the belief that blockchain technology and tokenization can bring about greater efficiencies in financial transactions. The launch of digital asset custody services by Nasdaq is sure to attract more institutional investors to the cryptocurrency market.
#Nasdaq #crypto #crypto2023 #BTC #azcoinnews
This article was republished from azcoinnews.com
According to Ira Auerbach, Deputy Director of Nasdaq Digital Assets, the company is pushing for the necessary infrastructure development and license acquisition. Nasdaq has applied to the New York State Department of Financial Services (NYDFS) to establish a trustee company for its new business operations.
As reported by Bloomberg, the project was announced in September 2022, marking a major step for the stock exchange into the cryptocurrency space. Auerbach said that custody of Bitcoin and Ethereum will be the first step towards building a wider range of service offerings.
The price decline of most cryptocurrencies has led to a collapse of many companies in the industry, most notably the FTX exchange in November. The absence of a trading platform in the crypto space created an opportunity for Nasdaq to step in.
Nasdaq will provide custody services for cryptocurrencies alongside BNY Mellon and Fidelity. Additionally, the company is working on implementing asset tokenization for traditional financial assets such as bonds. They believe that blockchain technology will help make transactions more efficient.
Nasdaqâs entry into the cryptocurrency space highlights the growing interest of traditional financial players in the emerging asset class. This move also demonstrates the belief that blockchain technology and tokenization can bring about greater efficiencies in financial transactions. The launch of digital asset custody services by Nasdaq is sure to attract more institutional investors to the cryptocurrency market.
#Nasdaq #crypto #crypto2023 #BTC #azcoinnews
This article was republished from azcoinnews.com
đ€$BTC Ecoinometrics: #Bitcoin is losing ground against the stock market
Many investors are optimistic about the latest data.
Prices were flat this month (CPI). The job market is easing up a bit. And the Federal Reserve is likely to cut rates between now and next year.
This makes risk assets look very attractive.
The stock market benefited from this. Since last month, the #Nasdaq has nearly doubled its performance for the year.
Youâd think Bitcoin would benefit too. But it hasnât. Bitcoin is stuck in the mid-$60k range and canât break out.
Bitcoin will eventually follow the NASDAQâs trend. I donât see any reason why it wouldnât. But right now, demand is weak.
Many investors are optimistic about the latest data.
Prices were flat this month (CPI). The job market is easing up a bit. And the Federal Reserve is likely to cut rates between now and next year.
This makes risk assets look very attractive.
The stock market benefited from this. Since last month, the #Nasdaq has nearly doubled its performance for the year.
Youâd think Bitcoin would benefit too. But it hasnât. Bitcoin is stuck in the mid-$60k range and canât break out.
Bitcoin will eventually follow the NASDAQâs trend. I donât see any reason why it wouldnât. But right now, demand is weak.
Despite the stock market experiencing a decline, options positions still favor an increase in the SPX and Nasdaq indices.đ
Equities had a weak session with the Nasdaq falling almost 1%, blaming higher yields but also a news report that Chinese government agencies are barring the use of iPhones and other foreign-made devices at work. Apple shares sold off 3%, spearheading a -1.3% sell-off in the SPX tech index. Despite the sell-off, equity option positioning remains positively skewed, with the implied equity distribution substantially âskewed to the rightâ on further gains in the SPX and Nasdaq. On the other hand, the daily implied volatility on the SPX remains very contained, showing barely any noticeable bumps on the upcoming CPI and NFP, and a smaller than usual premium even on the upcoming FOMC meeting.
#cryptocurrency #bitcoin #crypto2023 #SPX #Nasdaq
Equities had a weak session with the Nasdaq falling almost 1%, blaming higher yields but also a news report that Chinese government agencies are barring the use of iPhones and other foreign-made devices at work. Apple shares sold off 3%, spearheading a -1.3% sell-off in the SPX tech index. Despite the sell-off, equity option positioning remains positively skewed, with the implied equity distribution substantially âskewed to the rightâ on further gains in the SPX and Nasdaq. On the other hand, the daily implied volatility on the SPX remains very contained, showing barely any noticeable bumps on the upcoming CPI and NFP, and a smaller than usual premium even on the upcoming FOMC meeting.
#cryptocurrency #bitcoin #crypto2023 #SPX #Nasdaq
#Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this yearâs second quarter.
#crypto2023 #crypto101 #dyor
#crypto2023 #crypto101 #dyor
