Nvidia Vs. Bitcoin: Jensen Huang-Led Chip Giant's Stock Outperformed The Top Cryptocurrency Over 5 Years. Here's How They Compare On Other Metrics
Nvidia Vs. Bitcoin: Jensen Huang-Led Chip Giant's Stock Outperformed The Top Cryptocurrency Over 5 Years. Here's How They Compare On Other Metrics
Indeed, Nvidia shares have exploded by 2,718% in the last five years, outperforming all well-known companies on Wall Street.Artificial intelligence (AI) darling Nvidia Corp. (NASDAQ:NVDA) beat expectations yet again with impressive third-quarter revenue and earnings reported after Wednesday's market close.
人工智能（AI）巨头英伟达公司（纳斯达克：NVDA）再次超出预期，在周三收盘后发布了令人印象深刻的第三季度营业收入和盈利。
What happened: The world's most valuable company disclosed third-quarter revenue of $35.1 billion and earnings per share of 81 cents, both beating analysts' estimates.
发生了什么：全球市值最高的公司披露了第三季度营业收入为351亿美元，每股盈利为81美分，均超出分析师的预期。
The Jensen Huang-led firm has had a blockbuster run on equity markets in the last few years, multiplying investors' money by orders of magnitude.
由Jensen Huang领导的这家公司在过去几年的股票市场表现非常出色，将投资者的资金翻了几番。
Indeed, Nvidia shares have exploded by 2,718% in the last five years, outperforming all well-known companies on Wall Street.
事实上，英伟达股价在过去五年中暴涨了2718％，超过了在华尔街上所有知名公司。
In comparison, Bitcoin (CRYPTO: BTC)—the world's most valued cryptocurrency exerting a similar influence on the digital assets market—grew 1,171% over the last five years.
相比之下，比特币（加密货币：BTC）——对数字资产市场产生类似影响的全球最有价值的加密货币，在过去五年中增长了1171％。
See Also: Microstrategy's Michael Saylor To Advocate For Bitcoin At Microsoft Board Meeting, Offers To Educate Rumble CEO As Well
参见：Microstrategy的迈克尔·塞曼（Michael Saylor）将在微软董事会会议上倡导比特币，并愿为Rumble首席执行官提供教育
Which Is Offering Better Returns Relative To Risk?
哪一项相对于风险提供更好的回报？
Both Nvidia and Bitcoin are risk-laden investments, and traders must navigate their inherent volatility to profit.
英伟达和比特币都是高风险投资，交易者必须应对其固有的波动性以获取利润。
To get a more accurate picture, analysts track the Sharpe Ratio, a measure of risk-adjusted returns.
为了获得更准确的图片，分析师们会追踪夏普比率，这是一个衡量风险调整回报的指标。
For Bitcoin, this ratio stood at -5 as of this writing, per TradingView, implying that the expected return was lower than that of a risk-free investment, such as a Treasury yield.
对于比特币，根据TradingView显示，这一比率截至本文撰写时为-5，这意味着预期回报低于无风险投资（如国债收益）。
On the other hand, Nvidia showed a Sharpe ratio of 0.69, indicating that investment in the stock was generating positive returns above the risk-free rate.
另一方面，英伟达显示的夏普比率为0.69，表明投资于该股票带来的回报高于无风险利率。
Are Their Valuations Inflated?
它们的估值是否被高估了？
Another metric to compare the two hot financial assets was whether they were expensive or cheap relative to their fundamentals.
比较这两个热门金融资产的另一个指标是它们相对基本面是昂贵还是便宜。
For stocks, this is typically measured by the price-to-earnings ratio, or simply the P/E ratio.
对于股票，这通常是通过市盈率来衡量，通常称为P/E比率。
Nvidia's P/E ratio showed a reading of 73.478 per TradingView, suggesting that the stock was highly overpriced. It could also imply that investors expect the company to have stronger performance and higher earnings in the future.
据TradingView显示，英伟达的市盈率为73.478，暗示该股票被高估。这也可能意味着投资者预期公司未来将有更强劲的业绩和更高的收益。
The P/E counterpart for Bitcoin is the network value to transactions ratio or NVT ratio.
比特币的P/E比率的对应物是网络价值与交易比率或NVt比率。
According to on-chain analytics firm CryptoQuant, the 30-day EMA of Bitcoin's NVT was at 28.28 at the time of writing, a decline from 36.32 recorded at the beginning of the month.
根据区块链分析公司CryptoQuant的数据，在撰写时，比特币的NVt 30天EMA为28.28，较本月初记录的36.32有所下降。
The decline implied that transaction volume was outperforming market growth or that valuation had dropped without any change in transaction activity.
这一下降意味着交易量超过了市场增长，或估值下降而交易活动没有变化。
Price Action: At the time of writing, Bitcoin was trading at $97,396.60, rising 4.97% in the last 24 hours, according to data from Benzinga Pro. Shares of Nvidia were down 2.49% in after-hours trading.
价格走势：撰写时，比特币的交易价为97,396.60美元，过去24小时上涨了4.97%，据Benzinga Pro的数据显示。英伟达的股票在盘后交易中下跌了2.49%。
- Dogecoin, Bitcoin Left In The Dust By AI Meme Coin GOAT As Nvidia's Q3 Earnings Draw Near
- 狗狗币和比特币被人工智能模因币GOAt抛在了身后，因为英伟达的第三季度财报临近。
Photos courtesy: Nvidia and Pixabay
照片提供：英伟达和Pixabay
