Nvidia Corp. has wiped out more than $400 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.
Bailey Lipschultz and Carmen Reinicke, Bloomberg NewsAllan Small, senior investment advisor of IA Private Wealth, joins BNN Bloomberg to share insights on how to approach investing in Nvidia, and Eli Lilly.
Nvidia shares have swung between $90.69 and $131.26 over the past 30 trading days, with a record amount of market value being wiped out Tuesday. That level of gyration drove its 30-day realized volatility up to 80 — more than four times the level of Microsoft Corp., double Bitcoin’s figure and higher than meme stocks like Donald Trump’s media company and Elon Musk’s Tesla Inc.
Nvidia’s biggest customers — notably Microsoft Corp., Meta Platforms Inc., Alphabet Inc., and Amazon.com Inc., which together comprise more than 40% of Nvidia’s revenue, data compiled by Bloomberg show — affirmed their spending plans in their most recent quarters.
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