NVIDIA Corporation (NVDA) vs Bitcoin (BTC)

Correlation Analysis

Insight

In 2024, Nvidia's stock outperformed Bitcoin, achieving a 171% return compared to Bitcoin's performance, driven by the ongoing artificial intelligence boom.

Historical Triggers
  • 2024:Nvidia's market capitalization increased significantly, surpassing previous gains.​
Notes
  • Nvidia's growth was fueled by advancements in AI, overshadowing Bitcoin's performance during the same period.

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