We're going to need more bagholders. pic.twitter.com/V1KHIXHGTX
— Mac10 (@SuburbanDrone) June 24, 2024
How we looking ? t.co/7T8pwBupAT pic.twitter.com/JU3uEtQFT5
— The Great Martis (@great_martis) June 24, 2024
Bitcoin dips below 60k. All US miners are now in the red. They have to continue selling all $BTC to make ends meet. This is the worst case scenario we described in March. because of miner centralization, their actions and economic planning have an outsized effect on the price…
— Dr Martin Hiesboeck (@MHiesboeck) June 24, 2024
This ain't gunna be pretty . pic.twitter.com/zqjzuTAgOg
— The Great Martis (@great_martis) June 25, 2024
S&P500
Update.
Elegant, dainty, delicate, exquisite.
Wont be long . t.co/mVCDzyLYlc pic.twitter.com/54q35uS1XJ
— The Great Martis (@great_martis) June 25, 2024
$AMZN is literally projected to have double the FCF of $NVDA by 2028 and Nvidia is still worth 50% more today, you guys are nuts pic.twitter.com/0YCXYxBuGZ
— jbulltard (@jbulltard1) June 24, 2024
File under: trembling ponzi t.co/Yfz6zAJCcO pic.twitter.com/RCuMiu9Man
— JustDario 🏊♂️ (@DarioCpx) June 24, 2024
Nvidia slides for third straight session, loses $500B in market cap
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Nvidia (NASDAQ:NVDA) shares fell more than 6.5% on Monday, the third straight session in which the semiconductor giant has lost ground.
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The losses cumulatively add up to roughly $540B in lost market cap, placing Nvidia firmly behind Apple (AAPL) and Microsoft (MSFT) in the race for the most valuable company on the planet. The Jensen Huang-led Nvidia briefly became the world’s most valuable company earlier this month.
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Year-to-date, Nvidia shares are up 145%, buoyed by a surge in data center revenue amid heavy spending on artificial intelligence.
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Separately on Monday, Taiwan news outlet UDN reported that the GB200 GPU is in short supply.