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Nvidia's Stock Price Fell Due to the Impact of the Crypto Market

Amy Liu

Summary: The stock of leading cheap maker Nvidia dipped over 2.5 percent during today’s trading session. The cryptocurrency rout might have contributed to the most recent drop given that the company’s business is once again exposed to the level of demand for GPU mining, Barron's reports. The crypto market continued to decline. Bitcoin fell below the ...

The stock of leading cheap maker Nvidia dipped over 2.5 percent during today’s trading session. The cryptocurrency rout might have contributed to the most recent drop given that the company’s business is once again exposed to the level of demand for GPU mining, Barron's reports. The crypto market continued to decline. Bitcoin fell below the $30,000 support level, and the price floated above $29,000, with a daily decline of 3%.

By Amy Liu

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