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Nvidia Stock Crashes 17%, Wiping Out $600 Billion in a Single Day
(uk.finance.yahoo.com)
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this post was submitted on 28 Jan 2025
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I mean, stock price rarely correlates with actual need and more with just hype. If you expect many people to buy a given stock, it makes sense for you to buy before them. If you expect many people to sell a given stock, it makes sense for you to sell before them. The actual need kind of just provides a baseline, i.e. even if the hype dies off completely, it'll still make some profit and pay out some fraction from that to anyone who's willing to park their money there.