Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks 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". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts 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 blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Sunday, March 3, 2024

Bitcoin And Computer Chips. NVIDIA

 


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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