The price of Nvidia shares could react positively or negatively, and these movements could also have a cascading effect on many other assets, including Bitcoin and stocks related to mining.
Today, Wednesday, August 28, 2024, is an important day for the financial markets: the economic and financial reports for the second quarter of the year from Nvidia will be released.
The bull of AI
The fact is that according to many analysts, a real financial bubble has inflated on AI stocks (those related to artificial intelligence).
Nvidia, specifically, is a company whose present and future are now closely tied to artificial intelligence, given that it produces many of the processors that are used in this field, which in turn is experiencing strong growth.
The performance of Nvidia on the stock market, moreover, are even superior to those of Bitcoin.
For example, since the beginning of the year, the price of Bitcoin has risen by 41%, while that of Nvidia shares by 166%.
During 2
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