Nvidia Is Hurting as Ethereum Moves on From Crypto Mining

InvestorPlace2022-04-12

Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Tan123
2022-04-13
Tan123
good, very good
SmileBaby
2022-04-13
SmileBaby
Okay
Soyabean89
2022-04-13
Soyabean89
Btc uses specialised asci mining rig leh.. Not just slapping some 3080 gpu and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring, gas fee reduced (eip 1559) due to to pathetic amt to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?) The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d artwork creation etc?
Bspn
2022-04-12
Bspn
Ok
tkj
2022-04-12
tkj
I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.
LenaNg
2022-04-12
LenaNg
[Like]

Leave a comment

193

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1184868233?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-04-12 11:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1184868233","market":"us","top_or_hot":-1,"title":"Nvidia Is Hurting as Ethereum Moves on From Crypto Mining","media":"InvestorPlace","content":"<div>\n<p>Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take ...</p>\n\n<a href=\"https://investorplace.com/2022/04/nvidia-is-hurting-as-ethereum-moves-on-from-crypto-mining/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Is Hurting as Ethereum Moves on From Crypto Mining</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Is Hurting as Ethereum Moves on From Crypto Mining\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/nvidia-is-hurting-as-ethereum-moves-on-from-crypto-mining/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take ...</p>\n\n<a href=\"https://investorplace.com/2022/04/nvidia-is-hurting-as-ethereum-moves-on-from-crypto-mining/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://investorplace.com/2022/04/nvidia-is-hurting-as-ethereum-moves-on-from-crypto-mining/","article_id":"1184868233","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184868233","pubTimestamp":1649732840,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"随着以太坊从加密挖掘中转移，英伟达受到了伤害","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":0.9},"content_text":"Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take profits from the recent relief rally. But specific to Nvidia, the launch of Ethereum’s(CCC:ETH-USD)first main net shadow fork is adding pressure to NVDA stock.The shadow fork launch is the latest guidepost for Ethereum to check off its list as it begins its transition to a proof-of-stake (PoS) model. When this transition takes place fully in Ethereum 2.0, it will significantly reduce the need for graphic processing units (GPUs) that are used in cryptocurrency mining. As evidence of this, many Chinese crypto miners began dumping their GPUsin earnest in 2021.This concern was cited by Tristan Gerra of the analyst firm Robert W. Baird. The analyst lowered the rating for NVDA stock to “neutral” from “overperform.” The more significant development was slashing the price target to $225 from $360.Gerra believes the recent spike in order cancellations for GPUs may be the tip of a larger demand shortage. He also said the Ethereum fork could “compound the demand weakness.”However, that leads me to believe the selloff in NVDA stock may be overdone. First of all, even when Ethereum moves to a proof-of-stake protocol, Bitcoin(CCC:BTC-USD) will continue to exist. And there are many other coins that will continue to use proof-of-work for the foreseeable future.That means crypto mining isn’t going away — and GPUs will also be essential for the developing metaverse. Plus, at the moment, the order cancellations seem to be limited to the current quarter.Geopolitical concerns are real. And in the short term, NVDA stock faces a lot of headwinds. However, at this point there’s no indication the long-term demand story will significantly weaken. That means there’s still a reason to take along position in Nvidia. However, if you’re looking to make a quick buck, there may be more attractive options elsewhere.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9017751278,"gmtCreate":1649813207502,"gmtModify":1676534581802,"author":{"id":"3575263084566569","authorId":"3575263084566569","name":"Tan123","avatar":"https://static.tigerbbs.com/f62a61b3de783a68b73436f05185453a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575263084566569","authorIdStr":"3575263084566569"},"htmlText":"good, very good","listText":"good, very good","text":"good, very good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017751278","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017450092,"gmtCreate":1649807673775,"gmtModify":1676534579005,"author":{"id":"3583715375856777","authorId":"3583715375856777","name":"SmileBaby","avatar":"https://community-static.tradeup.com/news/9ba78f39c095e5603e2e99c6b46dbfdb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583715375856777","authorIdStr":"3583715375856777"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017450092","repostId":1184868233,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017462763,"gmtCreate":1649807072260,"gmtModify":1676534578743,"author":{"id":"3550998686387787","authorId":"3550998686387787","name":"Soyabean89","avatar":"https://community-static.tradeup.com/news/eb77581e98e9ecdbe378a1373a31b0e9","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3550998686387787","authorIdStr":"3550998686387787"},"htmlText":"Btc uses specialised&nbsp;asci mining rig leh.. Not just slapping some 3080 gpu&nbsp;and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring,&nbsp;gas fee reduced (eip 1559) due to&nbsp; to pathetic amt&nbsp;to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?)&nbsp;The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d&nbsp;artwork&nbsp;creation etc?&nbsp;","listText":"Btc uses specialised&nbsp;asci mining rig leh.. Not just slapping some 3080 gpu&nbsp;and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring,&nbsp;gas fee reduced (eip 1559) due to&nbsp; to pathetic amt&nbsp;to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?)&nbsp;The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d&nbsp;artwork&nbsp;creation etc?&nbsp;","text":"Btc uses specialised asci mining rig leh.. Not just slapping some 3080 gpu and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring, gas fee reduced (eip 1559) due to to pathetic amt to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?) The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d artwork creation etc?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017462763","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017603888,"gmtCreate":1649770047585,"gmtModify":1676534570088,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582502134655895","authorIdStr":"3582502134655895"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017603888","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017172625,"gmtCreate":1649760987789,"gmtModify":1676534567227,"author":{"id":"3582020830270271","authorId":"3582020830270271","name":"tkj","avatar":"https://static.tigerbbs.com/b4db3635974ce189ed8129eca6b5b618","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582020830270271","authorIdStr":"3582020830270271"},"htmlText":"I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.","listText":"I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.","text":"I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017172625","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017367748,"gmtCreate":1649747893367,"gmtModify":1676534563668,"author":{"id":"3557138699303638","authorId":"3557138699303638","name":"LenaNg","avatar":"https://static.tigerbbs.com/1a4e36442a26c6b020b19f34004da7d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3557138699303638","authorIdStr":"3557138699303638"},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017367748","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":193,"commentSize":19,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1184868233"}