Ethereum Is Not Like Nvidia, Amazon, But More Like Intel, Trader Says: 'Negative Revenue Growth And Negative Profitability'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
0mins
Should l Buy NVDA?
Source: Benzinga
- Crypto Market Analysis: Andrew Kang compares Ethereum to tech stocks, noting similarities in price action with May 2021.
- Market Caution: Despite bullish momentum, Kang warns of potential extreme corrections over a multi-month period.
- Skepticism on Support Levels: Kang expresses doubt about support levels holding amidst market disruptions like Mt Gox estate selling and ETF buyers selling.
- Comparison to Tech Companies: Kang draws parallels between Ethereum's valuation and growth prospects to past tech bubbles rather than sustained growth seen in companies like NVIDIA and Amazon.
- Ethereum's Fundamentals: Kang questions Ethereum's high valuation based on negative revenue growth, profitability, and declining interest in NFTs.
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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: 184.770
Low
200.00
Averages
264.97
High
352.00
Current: 184.770
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
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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- Technical Advantages: The latest SiC chips leverage the company's 5th-generation technology, making them faster, more efficient, and reliable, with a 35% improvement in energy loss, thereby strengthening their competitive position in the market.
- CFO Appointment: The company announced that Tonya Stevens will join as the new Chief Financial Officer on March 30, bringing over three decades of global finance and accounting experience in the semiconductor and technology sectors, which is expected to drive the company's financial strategy and investor relations.
- Positive Market Reaction: Following the product launches, Navitas's stock surged nearly 25%, with retail investor sentiment shifting from 'bearish' to 'extremely bullish', indicating strong confidence in the company's future growth potential.
See More
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- Nebius and Nvidia Partnership: Nebius announced a new partnership with Nvidia aimed at leveraging Nvidia's AI technology to enhance its cloud service capabilities, a strategic collaboration expected to drive Nebius's market share in a competitive landscape.
- Uber and Zoox Strategic Alliance: Uber has established a new partnership with Zoox focused on developing autonomous driving technology, which is anticipated to accelerate Uber's innovation in the future mobility sector and enhance its competitive edge in the market.
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