5/15/2024

Сrypto traders need to keep an eye on Nvidia

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Even though quarterly earnings season is drawing to a close, one of the stock market’s biggest favorites is just getting ready to report earnings and revenue. Namely Nvidia. ParadTrade has already covered in detail the Nvidia reporting period in the winter for the 4th quarter of 2023 – then the results exceeded the already high expectations of traders.

But today we’re sharing how crypto enthusiasts can benefit from Nvidia’s upcoming Q1 2024 report, and why stockholders should also look to crypto trading.

Nvidia stock performance: how much has the company grown?

On May 22, 2024, the giant graphics processors and systems on a chip (SoC) Nvidia plans to submit a report.

Nvidia is one of the largest and most famous GPU developers. In May 2023, due to the explosive growth of shares, the company’s capitalization reached almost $1 trillion. Nvidia shares soared 29% in the first month after the report was filed, and then another 30%. This marked one of the largest one-day gains in stock market history.

First of all, Nvidia is known for creating the first graphics processor. Over the past decades, technology has played a significant role: without it, there would be no machine learning, video editing, and modern gaming software and AI trends.

Nvidia’s shares have now risen 52% since the beginning of the year, and in February the chipmaker overtook online giant Amazon in terms of market capitalization.

The demand for artificial intelligence chips and graphics cards has driven semiconductor leader Nvidia’s business to record levels. In particular, the company’s video cards are also used for mining cryptocurrencies. The trend has increased demand for Nvidia products in recent years due to rising prices of digital currencies such as Bitcoin.

CryptoParad from ParadTrade: what opportunities does an account open?

The ParadTrade company, when replenishing a trading account, offers its clients a bonus from 5 to 25% bonus ON AN ACCOUNT “CRYPTO PARAD”:

  • $1000-$10,000 – 5%;
  • $10,000-$30,000 – 15%;
  • $30,000+ – 25%.

Why is this necessary for a trader?

The volatility of cryptocurrencies is higher than the volatility of stocks. Yes, last year there was an exceptional situation when shares rose by 60% in a month. Also remember that from 2023 to 2024, Nvidia shares rose a cumulative 237%. But thanks to our bonus program, you can reinsure yourself. This opportunity is an additional safety cushion in case the shares suddenly do not grow at such a pace or temporarily roll back without bringing the desired result.

On an alternative crypto account, you will have a choice of 95 crypto assets on which you will cover lost profits. Thus, you will be able to carry out risk management and diversify financial flows as efficiently as possible to achieve the greatest profit.

Therefore, it’s time to take advantage of the capabilities of the Crypto Parad account, even if you have no previous experience or prefer to trade on other assets.

Increase your profits with ParadTrade!

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