Dear Reader,
Cryptocurrencies like their main variant Bitcoin are touted by many as the next disruptive technology that is going to change to world. The price rise of cryptocurrencies has lost pace in the last two years.
However, the price rise of the most closely connected to cryptocurrencies stocks like NVIDIA Corporation, Advanced Micro Devices Inc.(AMD) and Microsoft Corporation has continued almost unabated.
What is cryptocurrency mining essentially? You need powerful computers to perform calculations to mine Bitcoin or other cryptocurrencies. NVDIA and AMD provide both graphical and CPU chips for computers and Microsoft provides the software system that makes computers work. Since 2015 AMD and NVIDIA's stock prices basically exploded. 2015 was the year that cryptocurrencies became mainstream. Microsoft's stock price rise starter rising markedly since 2013 driven by cloud services, artificial intelligence and cryptocurrencies.
How high can the market capitalizations of NVIDIA Corporation, Advanced Micro Devices Inc.(AMD) and Microsoft Corporation go? Microsoft already boasts a very big market capitalization at 1.4 trillion USD. Microsoft's capitalization could easily double. NVIDIA's market capitalization could triple, while AMD's market capitalization could quadruple from current levels.
If cryptocurrencies encounter stumbling blocks like regulation, limits of computer power and so on and cryptocurrencies ultimately fade or even die out, the stock prices of NVIDIA Corporation, Advanced Micro Devices Inc.(AMD) and Microsoft Corporation could essentially crash.
Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
Respectfully yours,
Petar Posledovich
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