Cardano's 42% Drop: Is It Still a Buy?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy NVDA?
Source: Yahoo Finance
- Insufficient Economic Activity: Cardano's total value locked (TVL) stands at approximately $141 million, significantly lower than many lesser-known chains, indicating a lack of appeal in the decentralized finance (DeFi) space and limited future growth potential.
- Poor Chain Revenue: During the 24-hour period ending March 8, Cardano generated only $270 in chain revenue from $1,350 in transaction fees, while Ethereum earned $77,095 in the same timeframe, highlighting its sluggish economic activity.
- Low User Engagement: Cardano's daily active wallet addresses fluctuate between 30,000 and 40,000, compared to Ethereum's 700,000, suggesting a weak user base and an inability to attract developers and capital effectively.
- Bleak Development Outlook: Although Cardano has the potential to develop new features to attract users, its current roadmap lacks innovations of sufficient scale and impact, making it unlikely to change its fortunes in the short term.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 213.170
Low
200.00
Averages
264.97
High
352.00
Current: 213.170
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Tech Giants' AI Strategies: Major tech companies view AI as a once-in-a-generation opportunity, ramping up data center spending, which signals their competitive intent in the AI space and is expected to continue driving the Nasdaq higher.
- Nvidia's Market Leadership: Nvidia has established itself as the king of AI infrastructure with its CUDA software platform and robust GPU technology, and it is expected to benefit from the rapid growth of the AI market, with its stock remaining attractive in future valuations.
- Advantage of Comprehensive Solutions: Nvidia not only provides GPUs but also expands its product line through acquisitions like Groq, offering complete solutions for specific AI tasks, thereby solidifying its dominant position in the AI infrastructure market.
See More
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- High-Frequency Contracts: Notably, the $212.50 strike call option expiring on April 29, 2026, saw 211,249 contracts traded today, equating to about 21.1 million shares, reflecting investor expectations for a price increase in NVIDIA.
- Viasat Options Activity: Viasat's options trading volume stood at 23,077 contracts, representing approximately 2.3 million shares, or about 149% of its average daily trading volume over the past month, showcasing active market interest in its stock.
- Put Option Trading: The $40 strike put option expiring on September 18, 2026, recorded a trading volume of 7,601 contracts, approximately 760,100 shares, indicating investor concerns regarding potential price declines for Viasat.
See More
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- Earnings Per Share Beat Estimates: The company posted an EPS of $1.68, surpassing the analyst estimate of $1.36 by 23%, reflecting significant improvements in cost control and profitability.
- Surge in Free Cash Flow: Free cash flow skyrocketed by 611% to $1.4 billion as capital expenditures moderated by 40%, allowing the company to convert more revenue into cash flow and enhancing financial flexibility.
- Optimistic Forward Guidance: Management anticipates Q2 revenue between $5.00 billion and $5.40 billion, indicating sustained growth momentum, with industrial and data center revenues growing over 30% and 90% respectively, laying a solid foundation for future performance.
See More
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- Soaring Power Needs: The power demand for data centers has skyrocketed from tens of megawatts three years ago to hundreds and even thousands of megawatts, reflecting the immense energy requirements driven by AI technologies, prompting exploration of renewable energy and new power solutions.
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- Innovation in Liquid Cooling: CoreSite's NY3 data center is adopting liquid cooling systems to manage high-density heat issues, while Eaton's strategic acquisition of liquid cooling leader Boyd Thermal is expected to enhance its market position in data center cooling solutions.
See More
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- Relative Strength Performance: Despite not surpassing its historical highs, MAGS has shown strong relative performance against the SPX in recent weeks, suggesting that if this trend continues, it could drive further upside for the ETF.
- Divergent Component Performance: Within the MAGS ETF, GOOGL and NVDA have surged approximately 120% and 94%, respectively, while the other five components have lagged; if these laggards regain investor interest, it could enhance the overall ETF performance.
- Importance of Earnings Reactions: The earnings reactions of the five major components over the next two days are crucial, as strong results could bolster market confidence in large-cap growth stocks, potentially leading to a broader market recovery.
See More
