It is not often that one has the opportunity to mention the humble cocoa bean and the AI powerhouse NVIDIA together, that too, in a single sentence. Yet, this unlikely scenario has now become a reality, courtesy of the almost manic propensity of the two disparate assets to scale heretofore unfathomable zeniths. COCOA PRICES HIT $10,000 PER METRIC TON FOR THE FIRST TIME EVER – CNBC — Evan (@StockMKTNewz) March 26, 2024 Earlier today, the price of the cocoa bean – an essential ingredient in coffee and chocolate – hit an all-time high of $10,000 per metric ton, giving rise […]
Read full article at https://wccftech.com/cocoa-beans-correlation-with-nvidia-hits-over-90-percent-amid-a-cascade-of-margin-calls-and-exploding-price/
