自 Nvidia 股票和比特币于 2022 年底触底以来，两者之间的相关性一直非常强

经常因其剧烈波动而受到批评的加密货币市场现在似乎比英伟达公司（纳斯达克股票代码：NVDA）的股票更加稳定。

The crypto market, which is usually criticized for its wild volatility, now seems to be more stable than Nvidia Corp (NASDAQ: NVDA) stock. This surprising shift in market dynamics has caught the attention of analysts and investors alike.

通常因其剧烈波动而受到批评的加密货币市场现在似乎比英伟达公司（纳斯达克股票代码：NVDA）的股票更加稳定。市场动态的这种令人惊讶的转变引起了分析师和投资者的关注。

While Nvidia, a leading AI chipmaker, has seen a notable increase in its 30-day options implied volatility, indicating expected price changes over the next month, the crypto market has shown a decline in volatility.

虽然领先的人工智能芯片制造商英伟达的 30 天期权隐含波动率显着增加，表明下个月的预期价格变化，但加密货币市场的波动性却有所下降。

Here's a closer look at the recent market trends and the role of Nvidia in the crypto sector.

下面详细介绍了最近的市场趋势以及 Nvidia 在加密领域的作用。

Nvidia's Role in the Crypto Sector

Nvidia 在加密货币领域的角色

Nvidia has become an important stock, not just for its role in the artificial intelligence (AI) revolution but also due to its significance in the crypto mining sector. Its expertise in graphics processing unit (GPU) technology provides advanced mining solutions to the industry.

英伟达已成为一只重要的股票，不仅因为它在人工智能（AI）革命中的作用，还因为它在加密货币挖矿领域的重要性。其在图形处理单元（GPU）技术方面的专业知识为行业提供了先进的采矿解决方案。

On July 29, Nvidia's founder and CEO, Jensen Huang, emphasized the transformative impact of AI on society and industry. Explaining how AI is also promising gains in energy efficiency through accelerated computing, Huang said:

7月29日，英伟达创始人兼首席执行官黄仁勋强调了人工智能对社会和行业的变革性影响。在解释人工智能如何通过加速计算来提高能源效率时，黄说：

“Everybody will have an AI assistant. Every single company, every single job within the company, will have AI assistance.”

“每个人都会有一个人工智能助手。每一家公司、公司内的每一项工作都将得到人工智能的帮助。”

Earlier this year, Goldman Sachs dubbed NVDA “the most important stock on planet earth” due to its substantial influence on equity gains in 2024. Since the advent of ChatGPT in late 2022, Nvidia's stock has served as a bellwether for both equity and crypto markets.

今年早些时候，高盛将 NVDA 称为“地球上最重要的股票”，因为它对 2024 年的股票收益具有重大影响。自 2022 年底 ChatGPT 出现以来，Nvidia 的股票一直是股票和加密货币市场的风向标。

The correlation between Nvidia stock and Bitcoin has been remarkably strong since both bottomed out in late 2022. Currently, the 90-day price correlation stands at 0.71.

自 Nvidia 股票和比特币均于 2022 年底触底以来，两者之间的相关性一直非常强。目前，90 天价格相关性为 0.71。

NVDA Stock Volatility

NVDA 股票波动率

Despite its prominent position, NVDA stock has faced a sharp downturn, falling over 25% from its peak of $140 last month. This decline marks its worst monthly performance in nearly two years, approaching the largest monthly drop since September 2022. Notably, NVDA has recorded only six down months since then. In comparison, bitcoin is trading around $66,000, showing relative stability amid the turbulence in Nvidia’s stock.

尽管地位显着，但 NVDA 的股价却面临急剧下滑，较上个月 140 美元的峰值下跌了 25% 以上。这一跌幅标志着近两年来最糟糕的月度表现，接近 2022 年 9 月以来的最大月度跌幅。值得注意的是，自那时以来，NVDA 仅录得六个月的下跌。相比之下，比特币的交易价格约为 66,000 美元，在 Nvidia 股票动荡的情况下表现出相对稳定。

The spike in NVDA's implied volatility is largely attributed to the hedging activities of market makers. This usually involves market makers trading in the direction of price moves to maintain a neutral exposure, inadvertently increasing market volatility.

NVDA 隐含波动率的飙升很大程度上归因于做市商的对冲活动。这通常涉及做市商按照价格变动的方向进行交易以保持中性敞口，从而无意中增加了市场波动性。

Griffin Ardern, head of options trading and research at BloFin, a crypto financial platform, noted that this dynamic has pushed NVDA's front-month implied volatility levels much higher than those of major cryptocurrencies like bitcoin and ether.

加密货币金融平台 BloFin 的期权交易和研究主管 Griffin Ardern 指出，这种动态使 NVDA 的近月隐含波动率水平远高于比特币和以太币等主要加密货币。