Recommended
English
Dark Mode
Register
BTCCBTCC AcademyInvesting

NVIDIA Stock Dives To 2-Month Low: Is NVIDIA (NVDA) A Good Investment In 2024?

By:W, Leah
Last updated:07/31/2024
Why Trust BTCC
BTCC, a seasoned player in the cryptocurrency sector, has established a solid foundation of credibility through its over a decade of platform operation and profound industry experience. The platform boasts an experienced team of professional analysts who leverage their keen market insights and profound understanding of blockchain technology to offer precise market analyses and investment strategies to users. Furthermore, BTCC adheres to rigorous editorial standards, ensuring that every report and analysis is fact-based, striving for objectivity and fairness, thus providing investors with authoritative insights they can rely on. In the rapidly evolving cryptocurrency market, BTCC stands out as an indispensable partner for numerous investors and enthusiasts due to its stability, professionalism, and forward-thinking approach.

NVIDIA (NVDA), a so-called fabless chip designer, emerges as a top investment pick for U.S. semiconductor companies. With the AI boom brought by ChatGPT, Nvidia witnessed its share price soar by more than 360% in 2023 and successfully becoming the fifth largest publicly traded company in the United States by market capitalization.

After reigning consistently as the most capitalized company, Nvidia (NVDA) has witnessed its stock value slump to a two-month low.  Within five weeks, the Artificial Intelligence (AI) and chip manufacturer lost $1 trillion from its stock market cap, with every one of those weeks seeing a loss of $200 billion.

BTCC, one of the longest-running crypto exchanges in the world,  supports trading for 300+ cryptocurrencies with leverage ranging from 1Χ to 225Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.

＼Trade On BTCC With 10 FREE USDT!／

Sign Up To Receive Up To 10,055 USDT DEPOSIT BONUS

＼Trade On BTCC With 10 FREE USDT!／

Sign Up To Receive Up To 10,055 USDT DEPOSIT BONUS

NVIDIA Stock Performance to Date

As a result, the AI juggernaut has shed approximately 27% of its previous All-Time High (ATH) valuation. This significant loss surpasses Tesla’s entire market capitalization by 1.5 times and is equivalent to the total market cap of Berkshire Hathaway. Notably, NVDA’s current predicament is not attributable to a single isolated event but rather a culmination of multiple factors, including the general downturn in semiconductor stocks.

Furthermore, NVDA’s performance has mirrored that of Bitcoin (BTC), which experiencing over 11% decline from its ATHs.
The incident was exacerbated by President Donald Trump’s hawkish stance on trade and defense policies in East Asia, a region crucial for American chip manufacturers in terms of production and sales.

It is customary for stocks to experience declines after extended periods of gains, as investors and fund managers seek to lock in profits and rebalance their portfolios. Despite this, NVDA has still managed to post impressive gains of 110% year-to-date and 610% since the end of 2022, underscoring the company’s remarkable performance and the strong returns it has delivered for its shareholders.

NVDA USDT-margined perpetual futures contract with leverage up to 20x is available on BTCC platform, and if you are interested in NVDA stock, you can click the button below to make a purchase.

BTCC APP DOWNLOAD


Download App for Android Download App for iOS

Can AI, Macroeconomics, and Politics Changes Shift The Trend?

The semiconductor company is likely the clearest victim of the broader market’s rollout of big technology companies into lagging smaller firms especially with investors preparing for the first interest rate cuts since 2020.

Noteworthy, the anticipation for this interest rate cut is growing and former Federal Reserve Vice Chair Roger W. Ferguson has projected US Fed rate cut in September.  The slowdown of inflation and consumer prices has informed this prediction.
Meanwhile, the AI sector has witnessed the emergence of innovative tools, such as OpenAI’s SearchGPT.
This new search engine, recently unveiled by the popular AI firm, aims to challenge Google’s dominance in the market. Currently in beta testing, OpenAI plans to refine the tool through feedback from a select group of users and publishers before integrating it into ChatGPT.
Additionally, the sentiment surrounding Nvidia is intricately linked to the election season, as the rivalry between Kamala Harris and Donald Trump shapes the industry’s perception of which candidate is most favorable for the AI market.  Ultimately, the AI market will decide which candidate aligns best with its interests and priorities.
Click the button below to buy NVDA ⇓

NVIDIA Stock Split Plan

NVIDIA held its initial public offering (IPO) in January 1999. The stock’s IPO price was $12 per share. Since then, NVIDIA stock has split five times. The company’s most recent stock split was a 4-for-1 split in July 2021.

Over the past decade, NVIDIA shares have experienced explosive growth, soaring from 25 cents per share to $499 per share in August 2023.
Shares started trading on a split-adjusted basis on June 1o.
But the split could go beyond just lowering the price of each share.  A lower price would make Nvidia a candidate for the Dow 30, which is a price-weighted index.
Previously, Apple (AAPL) and Amazon.com (AMZN) joined the Dow after stock splits.
The stock split will build further momentum for the AI chip leader and present what one analyst called a “generational buying opportunity.”
Click the button below to buy NVDA ⇓

BTCC APP DOWNLOAD


Download App for Android Download App for iOS

NVIDIA (NVDA) Stock Price Prediction

Ahead of NVIDIA’s fiscal Q1 earnings, Analysts have been raising NVIDIA’s target price. Jefferies, for instance, raised its target price by $1,200 from $780, while HSBC raised it from $1,050 to $1,350.

Even Bank of America, which is circumspect about the company’s growth tapering down, has a “buy” rating with a $1,100 target price on NVIDIA.

Nvidia stock still boasts a best-possible score of 99 on its Composite Rating and EPS Rating and a nearly ideal Relative Strength Rating of 98.
Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally. The other stocks are Apple, Microsoft, Alphabet (GOOGL), Meta Platforms (META), Tesla and Amazon.com. Some of these tech titans are customers that rely on Nvidia’s advanced chips. Nvidia is also one of the stocks that are Prediction to outperform the market in 2024.

Is NVIDIA (NVDA) a Good Investment in 2024?

With global AI spending expected to increase significantly over the next few years, high-powered chips like the ones that NVIDIA produces will be in high demand. Based on current market dynamics, if you want to bet on generative artificial intelligence (AI), there is still no better pick than NVIDIA (NASDAQ: NVDA). Based on NVDA’s past performance and future expectations, the company is also well worth investing in.

However, any investment carries with both opportunities and risks. Nvidia stock remains below the 50-day moving average, at the lowest price since May 24. Is the pullback in the artificial intelligence giant a buying opportunity or a cause for caution? It remains to be seen.

＼Trade On BTCC With 10 FREE USDT!／

Sign Up To Receive Up To 10,055 USDT DEPOSIT BONUS

BTCC APP DOWNLOAD


Download App for Android Download App for iOS

How to Buy NVDA?

If you are interested in buying NVDA stocks, we are excited to announce that tokenized NVDA USDT-margined perpetual futures contract with a leverage of up to 20x is now available on BTCC, you can trade tokenized NVDA on  BTCC .

The following sets forth the guidance for trading NVDA USDT-margined perpetual futures contract on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”-“Tokenized Stocks & Commodities”, and find NVDA trading pair.

You can also directly click the button below to enter the NVDA order page⇓

Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.

  • Market Order: users place orders at the best price in the current market to achieve fast trading.
  • Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
  • SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and NVDA futures contract order is completed.

＼Trade On BTCC With 10 FREE USDT!／

Sign Up To Receive Up To 10,055 USDT DEPOSIT BONUS
You May Also Like:

Register now to begin your crypto journey

Download the BTCC app via App Store or Google Play

Follow us

Scan to download

Download PDF

NVDANVIDIA (NVDA) Stock Price PredictionNvidia StockNVIDIA Stock Split PlanNVIDIANVIDIA Stock Performance to DateIs NVIDIA (NVDA) a Good Investment in 2024How to Buy NVDANVIDIA Stock Dives To 2-Month LowNVIDIA (NVDA)

Comments

View more

Leave a comment

Your email address will not be published. Required fields are marked with an asterisk (*).

Comment*

Name*

Email address*

Submit

Exchange for a better future

SecurityMetrics Credit Card Safe
Products
Services
Guides
About Us
Terms & Agreement
    Customer Service

    Quick Links

    Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

    The world’s longest-running cryptocurrency exchange since 2011 © 2011-2025 BTCC.com. All rights reserved