NVIDIA: +1364.4% 🚀
Bitcoin: +882.9% :😱
Gold: +41.2% 🤣
What’s fueling the rise?
NVIDIA:
• Growth Drivers: Surge in demand for AI and gaming chips, strong quarterly earnings, and advancements in GPU technology. Dominance in the AI hardware space is cementing NVIDIA’s position as a market leader.
• Product Innovations: Introduction of new RTX GPUs for professional and gaming applications, and expansion in AI and cloud computing solutions.
• Recent Financial Highlights: NVIDIA reported a record quarterly revenue of $26.0 billion for Q1 FY2025, up 18% from the previous quarter and 262% year-over-year. NVIDIA has gained $350 billion in market value in wildly volatile trading since it reported first-quarter earnings just over a week ago , and is already closing in on Microsoft and Apple.
But Beth Kindig, lead tech analyst at the I/O Fund, sees more astronomical gains in the coming years, predicting Nvidia's market cap will surge to $10 trillion. (the company is worth about $2.8trillion.)
“The industry is going through a major change,” CEO Jensen Huang said on an earnings call last month. “The next industrial revolution has begun. Companies and countries are partnering with Nvidia to shift the trillion-dollar installed base of data centers to accelerate computing and build a new type of data center, AI factories, to produce a new commodity, artificial intelligence.”
• Stock Split and Dividend Increase: NVIDIA announced a 10-for-1 stock split and raised its quarterly dividend by 150% to 10 cents per share. These measures aim to make the stock more accessible to a broader range of investors and demonstrate the company’s confidence in its financial health.
Gold:
• Growth Drivers: Consistent purchases by central banks, particularly from Turkey, China, India, and Kazakhstan, amid global economic uncertainty. Gold remains a preferred safe haven, providing stability during times of market volatility.
Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March
and the second-highest overall since 11 bitcoin ETFs went live in January. The higher activity comes a few weeks after ether (ETH) spot ETF got approvedfor listing in the U.S. and a positive outlook for cryptocurrencies from the ongoing U.S. presidential campaign.
(Bloomberg analyst Eric Balchunas said on X that the ETFs have taken on $3.3 billion in the past four weeks, and their net year-to-date has crossed the $15 billion mark )
In an interview, VanEck CEO ,an American investment management firm known for its pioneering efforts in gold investing and foreign growth stocks, has issued a bold prediction about Bitcoin , stated that Bitcoin could reach a market capitalization exceeding 8 trillion dollars, equivalent to half the value of gold. Thus marking a significant change in the global financial landscape. 😎😎💲💲
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