Loss and Gains
stock (NVDA) has experienced notable fluctuations recently. As of December 13, 2024, it closed at $134.25, down approximately 2.34% from the previous close. This decline follows a 2.6% drop earlier in the week after China initiated an anti-monopoly investigation into NVIDIA's 2019 acquisition of Mellanox.
AP News
Despite these setbacks, NVIDIA's stock has surged about 180% year-to-date, driven by its leadership in AI technology.
Investors
In contrast, XRP, the cryptocurrency associated with Ripple Labs, has seen significant gains. Following the U.S. presidential election, XRP's price increased nearly 400%, reaching a high of $2.90 before stabilizing around $2.50.
MarketWatch
This surge is attributed to expectations of a more crypto-friendly regulatory environment under the incoming administration. Additionally, the New York Department of Financial Services approved Ripple's stablecoin, RLUSD, further boosting investor confidence.
Barron's
Overall, while NVIDIA faces regulatory challenges impacting its stock performance, XRP benefits from favorable regulatory developments, leading to substantial price appreciation.
Recent Developments in NVIDIA and XRP
FaviconAP News
Nvidia's stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
4 days ago
FaviconBarron's
XRP Issuer Ripple Just Got This Big Regulatory Boost
2 days ago
XRP Issuer Ripple Just Got This Big Regulatory Boost
FaviconMarketWatch
Trump's election win fueled crypto XRP's rally to a new high. Here's why its gains may last.
10 days ago
Trump's election win fueled crypto XRP's rally to a new high. Here's why its
AP News
Despite these setbacks, NVIDIA's stock has surged about 180% year-to-date, driven by its leadership in AI technology.
Investors
In contrast, XRP, the cryptocurrency associated with Ripple Labs, has seen significant gains. Following the U.S. presidential election, XRP's price increased nearly 400%, reaching a high of $2.90 before stabilizing around $2.50.
MarketWatch
This surge is attributed to expectations of a more crypto-friendly regulatory environment under the incoming administration. Additionally, the New York Department of Financial Services approved Ripple's stablecoin, RLUSD, further boosting investor confidence.
Barron's
Overall, while NVIDIA faces regulatory challenges impacting its stock performance, XRP benefits from favorable regulatory developments, leading to substantial price appreciation.
Recent Developments in NVIDIA and XRP
FaviconAP News
Nvidia's stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
4 days ago
FaviconBarron's
XRP Issuer Ripple Just Got This Big Regulatory Boost
2 days ago
XRP Issuer Ripple Just Got This Big Regulatory Boost
FaviconMarketWatch
Trump's election win fueled crypto XRP's rally to a new high. Here's why its gains may last.
10 days ago
Trump's election win fueled crypto XRP's rally to a new high. Here's why its
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