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）寵兒英偉達公司（納斯達克股票代碼：NVDA）在週三收盤後公佈了令人印象深刻的第三季度收入和收益，再次超出預期。
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.
發生了什麼：這家全球最有價值的公司披露第三季度收入爲351億美元，每股收益爲81美分，均超過了分析師的預期。
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.
這家由黃延森領導的公司在過去幾年中在股票市場上大放異彩，使投資者的資金乘以幾個數量級。
Indeed, Nvidia shares have exploded by 2,718% in the last five years, outperforming all well-known companies on Wall Street.
事實上，英偉達的股價在過去五年中暴漲了2718％，超過了華爾街的所有知名公司。
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，比特幣（加密貨幣：BTC）——世界上對數字資產市場產生類似影響的最有價值的加密貨幣——在過去五年中增長了1,171％。
See Also: Microstrategy's Michael Saylor To Advocate For Bitcoin At Microsoft Board Meeting, Offers To Educate Rumble CEO As Well
另見：Microstrategy的邁克爾·塞勒將在微軟董事會會議上倡導比特幣，並提議對Rumble首席執行官進行教育
Which Is Offering Better Returns Relative To Risk?
相對於風險，哪個能提供更好的回報？
Both Nvidia and Bitcoin are risk-laden investments, and traders must navigate their inherent volatility to profit.
Nvidia和比特幣都是充滿風險的投資，交易者必須駕馭其固有的波動性才能獲利。
To get a more accurate picture, analysts track the Sharpe Ratio, a measure of risk-adjusted returns.
爲了更準確地了解情況，分析師追蹤了夏普比率，這是衡量風險調整後回報的指標。
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.
根據TradingView的說法，截至撰寫本文時，比特幣的這一比率爲-5，這意味着預期回報低於美國國債收益率等無風險投資的預期回報。
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，英偉達的夏普比率爲0.69，這表明對該股的投資產生了高於無風險利率的正回報。
Are Their Valuations Inflated?
他們的估值被誇大了嗎？
Another metric to compare the two hot financial assets was whether they were expensive or cheap relative to their fundamentals.
比較這兩種熱門金融資產的另一個指標是，相對於基本面，它們是昂貴還是便宜。
For stocks, this is typically measured by the price-to-earnings ratio, or simply the P/E ratio.
對於股票而言，這通常以市盈率來衡量，或者僅用市盈率來衡量。
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.
英偉達的市盈率顯示每股TradingView的市盈率爲73.478，這表明該股定價過高。這也可能意味着投資者預計該公司將來會有更強的業績和更高的收益。
The P/E counterpart for Bitcoin is the network value to transactions ratio or NVT ratio.
比特幣的市盈率對應物是網絡價值與交易的比率或淨資產比率。
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.
根據鏈上分析公司CryptoQuant的數據，在撰寫本文時，比特幣淨資產的30天均線爲28.28，低於本月初的36.32。
The decline implied that transaction volume was outperforming market growth or that valuation had dropped without any change in transaction activity.
下降意味着交易量的表現超過了市場增長，或者估值在交易活動沒有任何變化的情況下下降了。
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.
價格走勢：根據Benzinga Pro的數據，在撰寫本文時，比特幣的交易價格爲97,396.60美元，在過去24小時內上漲了4.97％。英偉達的股價在盤後交易中下跌了2.49％。
- Dogecoin, Bitcoin Left In The Dust By AI Meme Coin GOAT As Nvidia's Q3 Earnings Draw Near
- 隨着英偉達第三季度收益的臨近，狗狗幣、比特幣被 AI Meme Coin Goat 拋諸腦後
Photos courtesy: Nvidia and Pixabay
照片由 Nvidia 和 Pixabay 提供
