🚨Everyone thinks $NVDA is just an AI story.
But check this out
Back in 2017-18
• A lot of Nvidia’s “gaming” sales were actually coming from crypto mining
• But that wasn’t clearly shown
So the market kept believing the growth story, Until one update changed everything.
November 2018
• The company revealed a sharp drop in crypto mining demand and called it a “crypto hangover”
• The stock fell -28% in 2 days
Now, they’re facing a class action lawsuit for that exact issue.
Even the U.S. Securities and Exchange Commission fined them in May 2022 for failing to disclose crypto-driven revenue
The part people miss, this isn’t just any stock.
$NVDA is one of the biggest weights in major indices.
So when it moves, markets move.
Also a negative catalyst like this doesn’t stay isolated, It spreads.
And corrections get sharper than expected
Meanwhile, NVDA is already down -5% YTD.
Let’s see if this is just noise or the start of something bigger.👀
#cryptouniverseofficial
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