Nvidia and AMD stocks soar thanks to crypto mining

in #trading7 years ago

Anyone who is into mining or even gaming would know that the prices of graphics cards have been increasing at a great pace during the last 2 years. I believe this has been due mainly to Ethereum´s arrival, but there is also a fair share of users mining other coins like Zcash and Monero.

Not only the prices of graphic cards are through the roof, it is hard to find availability for these cards, most of them are sold out or you have to pre-order them.

The truth of the matter is that there are only 2 big companies that can compete in the international level, that is AMD and NVDIA. Now let’s see how the stocks of these two companies have done over the last year:

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amd.png

I believe there is still some room to grow, I am sure both companies have made huge profit this year and will probably continue to do so for as long as mining remains profitable.

I don’t buy stocks, I am more of a crypto kind of guy, but if Wall Street is your thing maybe you should take a closer look at those 2 stocks.

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Something defiantly to look into , I see a lot of potential

For sure, maybe you should bring out that new yorker in you and play some wall street hehe

Hahaha you're so right !!

I saw the prices rising up to 80 per cent for a month since early May to July

Nvidia was best performer last year, but in my opinion has still more room to rise.

Well I have been trying to get more Nvidia 1060 6gb and its hard to even find them!.. so they are selling all of the stock all the time.. is pretty solid!

I read NVIDIA stock price was like +50% this year, and amd's 20%... Not saying AMD is worse, just stating NVIDIA sounds better for gamers therefore they have sold more.

Nvidia is overrated in comparison to AMD.

After some time new graphic cards are going to start being made for crypto exclusively and the gaming aspect is going to take a backseat!

Thanks for information. great @chitty
Have a nice day.

Learn some new from your post.

Best info of zcash and xmr mining .
100% like and resteem

awesome post friend.please follow me and vote my post.all time I with you. @chitty

Nice to see that not only the gamers creates a demand, its a pity the producers havent a good demand control system.
Or did they miss those opportunities completely ?