Why Nvidia Stock Dropping Lower Isn t All About The Split Look Toward Ethereum, Dogecoin
NVIDIA Corporation (NASDAQ:NVDA) shares turned red on Tuesday after losing the prior session’s buoyancy.
What Happened: The fall in the shares comes on a day when the company stock split 4-for-1. However, there may be another factor at play leading to the company’s stock slipping.
The falling prices of cryptocurrencies such as
Ethereum (CRYPTO: ETH) and
Dogecoin (CRYPTO: DOGE) are also likely impacting Nvidia.
ETH and DOGE have plunged 17.09% and 33.64% respectively in the last 30 days with both registering 3.97% and 6.78% declines in the last week alone.
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