{"id":23522,"date":"2024-06-25T14:00:19","date_gmt":"2024-06-25T11:00:19","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23522"},"modified":"2024-06-25T21:39:13","modified_gmt":"2024-06-25T18:39:13","slug":"nvidia-shares-drop-fetch-ai-and-agix-soar","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/nvidia-shares-drop-fetch-ai-and-agix-soar\/","title":{"rendered":"Nvidia Shares Drop, Fetch.AI and AGIX Soar"},"content":{"rendered":"<p>Even though <strong>Nvidia&#8217;s<\/strong> stock dropped $430 billion in market capitalization, artificial intelligence (AI)-related cryptocurrencies rose during the past week. Often regarded as a gauge of the AI cryptocurrency market, <strong>Nvidia<\/strong> is a corporation under constant observation by cryptocurrency speculators.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/nvidia-shares-drop-fetch-ai-and-agix-soar\/#Nvidia_Stock_Performance_and_AI_Market_Impact\" title=\"Nvidia Stock Performance and AI Market Impact\">Nvidia Stock Performance and AI Market Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/nvidia-shares-drop-fetch-ai-and-agix-soar\/#Insider_Sales_Examining_Nvidias_Executive_Moves\" title=\"Insider Sales: Examining Nvidia&#8217;s Executive Moves\">Insider Sales: Examining Nvidia&#8217;s Executive Moves<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Nvidia_Stock_Performance_and_AI_Market_Impact\"><\/span>Nvidia Stock Performance and AI Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Based on Google Finance data, <strong>Nvidia<\/strong>\u2014which makes computer processors many artificial intelligence firms run their AI models on\u2014saw a stock price drop of 11.08% during the past five trading days.<\/p>\n<p>Conversely, Fetch.AI (FET) and SingularityNET (AGIX) are up 23.46% and 20.83% over the past seven days, respectively, compared to a downturn in the more general crypto market during the same period, CoinMarketCap data shows.<\/p>\n<p>Over the seven days, Bitcoin and Ether, the two biggest cryptocurrencies by market value, dropped 9.17% and 4.23%, respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Insider_Sales_Examining_Nvidias_Executive_Moves\"><\/span>Insider Sales: Examining Nvidia&#8217;s Executive Moves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Concerns about its president, Jensen Huang, along with other officials, selling off a sizable portion of shares recently, drove <strong>Nvidia&#8217;s<\/strong> stock to drop.<\/p>\n<p>Attracting interest from trade research companies, Huang has sold $79.38 million worth of <strong>Nvidia<\/strong> shares since June 13, according to a June 21 filing with the United States Securities and Exchange Commission (SEC).<\/p>\n<p>Trading resource account Global Markets Investor said in a June 23 <a href=\"https:\/\/x.com\/GlobalMktObserv\/status\/1804861969130041759\">X post<\/a>,<em> &#8220;<strong>Nvidia&#8217;s<\/strong> executives have been selling their shares at the fastest pace ever,&#8221;<\/em> while another research firm notes the total value of shares sold by <strong>Nvidia<\/strong> executives across the year is now approaching the billion-dollar mark.<\/p>\n<p>Barchart <a href=\"https:\/\/x.com\/Barchart\/status\/1805112296655487247\">said<\/a>, &#8220;<em><strong>Nvidia<\/strong> insiders have now cashed out for more than $796 million this year<\/em>,&#8221; but portfolio analyst Oguz O <a href=\"https:\/\/x.com\/thexcapitalist\/status\/1805179535479943355\">responded<\/a>, &#8220;<em>most of them are pre-planned and don&#8217;t bother me<\/em>,&#8221; a common practice when an executive contracts with a brokerage firm to sell stock at specified prices.<\/p>\n<p>Based on YChart data, <strong>Nvidia&#8217;s<\/strong> market capitalization as of June 24 was $2.903 trillion, down approximately 13% during the past five trading days from its all-time high of $3.34 trillion.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though Nvidia&#8217;s stock dropped $430 billion in market capitalization, artificial intelligence (AI)-related cryptocurrencies rose during the past week. Often regarded as a gauge of the AI cryptocurrency market, Nvidia is a corporation under constant observation by cryptocurrency speculators. Nvidia Stock Performance and AI Market Impact Based on Google Finance data, Nvidia\u2014which makes computer processors<\/p>\n","protected":false},"author":6,"featured_media":23523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4432,6284],"class_list":["post-23522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nvidia","tag-nvidia-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia Shares Drop, Fetch.AI and AGIX Soar - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/nvidia-shares-drop-fetch-ai-and-agix-soar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia Shares Drop, Fetch.AI and AGIX Soar - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Even though Nvidia&#8217;s stock dropped $430 billion in market capitalization, artificial intelligence (AI)-related cryptocurrencies rose during the past week. 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