NVIDIA is booming with its revenue increasing several times year on year.
All this is to a large extent due to the fact that NVIDIA microprocessors, GPUs computer chips are used to mine Bitcoin.
Bitcoin is nearing an all time high of circa 68 000 USD. Bitcoin's boom is reflected in NVIDIA's boom, since NVIDIA computer chips were first used and are still used by people playing electronic games and now those same people playing electronic games are the main people mining or creating Bitcoin using NVIDIA's GPU computer chips.
So as long as Bitcoin's price keeps rising, NVIDIA's revenue an profits will keep booming and the artificial intelligence AI stocks like the Magnificent 7 Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA and Tesla and AMD, Palantir, Arista Networks will keep rising, according to Wolfteam Ltd.
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