NVDA and Bitcoin correlation
It's no surprise that NVDA's success is linked to cryptocurrency, namely, Bitcoin. I can't help but see the similarities. If BTC continues to fall and mining profitability with it, I'd imagine their EPS report in August will be less than stellar. I'm still a fan of BTC but am cautiously optimistic. According to Nicehash, profitability is down from what it was back in February of this year.
If BTC falls, short NVDA before their EPS in August...
NVDA
BTCUSD
If BTC falls, short NVDA before their EPS in August...
NVDABTCUSD
Feragatname
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