Nvidia's share price volatility exceeds that of bitcoin

NVIDIA. O, one of the hottest U.S. stocks, has surpassed even bitcoin in volatility, fueled by the artificial intelligence craze. The company's shares, which had been surging, were down 7 percent on Tuesday, the biggest drop in more than three months and a loss of $193 billion in market value, buoyed by the industry's spending on NVIDIA chips. The reversal of NVIDIA's 23 percent decline since July 10 highlights a risk that goes unnoticed as NVIDIA's shares rise: It is roughly twice as volatile as Bitcoin by at least one key metric. Despite the stock price's pullback this month, Nvidia is still up about 109% this year, more than any other stock in the S & P 500, with the exception of Super Micro Computer Inc., another company that has benefited from investments in AI application equipment.