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CryptoXTimes > Article > iGaming News > Nvidia’s Triumph Bitcoin Trails in Post-COVID Investments
iGaming NewsNews

Nvidia’s Triumph Bitcoin Trails in Post-COVID Investments

Charting the Post-COVID Investment Landscape: Nvidia Leads, Bitcoin Lags, and Defense Stocks Shine.

Sana Bukhari
Last updated: April 23, 2024 9:27 am
Sana Bukhari 1 year ago
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Nvidia's Triumph Bitcoin Trails in Post-COVID Investments

According to data from Banking Methods, a recent study has shown a significant disparity in how well investments have done since the COVID-19 pandemic. Nvidia has done the best, while Bitcoin has done the worst.

The study discusses Nvidia’s amazing rise, with its stock price going through the roof by 18% after COVID-19. From $293 in 2021 to an amazing $822 in 2024, Nvidia’s shares went through the roof, showing how appealing it is to buyers even when the market is unstable.

Nvidia’s Stellar Rise and Diverse Performers in the Post-COVID Investment Arena

Shortly after, defense and information security company BAE Systems took second place with a stock price increase of 116.76%. Meta, formerly known as Facebook, came in third with a stock price increase of 49.50%.

Microsoft, gold, Northrop Grumman, Lockheed Martin, and AeroVironment were some of the other well-known companies on the list, but their profits were not as high as those of the top three stocks.

While this happened, Bitcoin, the most popular cryptocurrency, grew fairly slowly at 8.26% after COVID-19. Even though Bitcoin did better than many altcoins, including Binance Coin (BNB), Solana (SOL), and Ethereum (ETH), it didn’t make it into the top 10 best list. Instead, it came in at number 11.

However, new information from Google Finance shows that Nvidia’s stock value has slightly decreased. It has dropped from $950 to $795 in just one month, a drop of over 16%. This slowdown makes me wonder if Nvidia’s long-term growth path will hold, even though the company has done very well since COVID-19.

The different outcomes of Nvidia, military sector stocks, and Bitcoin show the wide range of investment options that have opened up since the pandemic. Investors now have to deal with market uncertainty and volatility.

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TAGGED: Bitcoin, Ethereum, Nvidia, solana
By Sana Bukhari
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Sana Ali is a crypto guru who writes helpful articles that reveal complicated ideas in a way that many people can understand. She knows much about blockchain's basic ideas and how it works.
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