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）巨頭英偉達公司（納斯達克：NVDA）再次超出預期，在週三收盤後發佈了令人印象深刻的第三季度營業收入和盈利。
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.
發生了什麼：全球市值最高的公司披露了第三季度營業收入爲351億美元，每股盈利爲81美分，均超出分析師的預期。
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.
由Jensen Huang領導的這家公司在過去幾年的股票市場表現非常出色，將投資者的資金翻了幾番。
Indeed, Nvidia shares have exploded by 2,718% in the last five years, outperforming all well-known companies on Wall Street.
事實上，英偉達股價在過去五年中暴漲了2718％，超過了在華爾街上所有知名公司。
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，比特幣（加密貨幣：BTC）——對數字資產市場產生類似影響的全球最有價值的加密貨幣，在過去五年中增長了1171％。
See Also: Microstrategy's Michael Saylor To Advocate For Bitcoin At Microsoft Board Meeting, Offers To Educate Rumble CEO As Well
參見：Microstrategy的邁克爾·塞曼（Michael Saylor）將在微軟董事會會議上倡導比特幣，並願爲Rumble首席執行官提供教育
Which Is Offering Better Returns Relative To Risk?
哪一項相對於風險提供更好的回報？
Both Nvidia and Bitcoin are risk-laden investments, and traders must navigate their inherent volatility to profit.
英偉達和比特幣都是高風險投資，交易者必須應對其固有的波動性以獲取利潤。
To get a more accurate picture, analysts track the Sharpe Ratio, a measure of risk-adjusted returns.
爲了獲得更準確的圖片，分析師們會追蹤夏普比率，這是一個衡量風險調整回報的指標。
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.
對於比特幣，根據TradingView顯示，這一比率截至本文撰寫時爲-5，這意味着預期回報低於無風險投資（如國債收益）。
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，英偉達顯示的夏普比率爲0.69，表明投資於該股票帶來的回報高於無風險利率。
Are Their Valuations Inflated?
它們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.
比較這兩個熱門金融資產的另一個指標是它們相對基本面是昂貴還是便宜。
For stocks, this is typically measured by the price-to-earnings ratio, or simply the P/E ratio.
對於股票，這通常是通過市盈率來衡量，通常稱爲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.
據TradingView顯示，英偉達的市盈率爲73.478，暗示該股票被高估。這也可能意味着投資者預期公司未來將有更強勁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P/E比率的對應物是網絡價值與交易比率或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.
根據區塊鏈分析公司CryptoQuant的數據，在撰寫時，比特幣的NVt 30天EMA爲28.28，較本月初記錄的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.
這一下降意味着交易量超過了市場增長，或估值下降而交易活動沒有變化。
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.
價格走勢：撰寫時，比特幣的交易價爲97,396.60美元，過去24小時上漲了4.97%，據Benzinga Pro的數據顯示。英偉達的股票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
- 狗狗幣和比特幣被人工智能模因幣GOAt拋在了身後，因爲英偉達的第三季度業績臨近。
Photos courtesy: Nvidia and Pixabay
照片提供：英偉達和Pixabay
譯文內容由第三人軟體翻譯。
