The accelerated growth in the value of Nvidia’s shares started approximately during the years 2016-2017. A time during which cryptos had their boom. Ethereum, a blockchain that not only revolutionized the technological conception of DLTs but also brought users closer to mining without having to invest in expensive ASICS played a big role in the popularization of mining rigs for average consumers.
AMD, Nvidia’s main competitor, has also performed well since the crypto boom. However, it has oscillated between 10 and 14 dollars per share, with alternating periods of growth and decrease.
However, AMD has been emphatic in mentioning that crypto mining does not represent a point of particular interest for the company. According to The Register, Lisa Su, AMD’s CEO is emphatic on this point.
The world of cryptocurrencies has allowed the growth of industries that indirectly relate to this type of technology. Mining is a fundamental aspect of the existence of cryptos based on PoW and similar algorithms. However, the exponential growth of cryptocurrencies has exceeded the production capacity of these companies that have seen their products out of stock even in spite of the sometimes exorbitant price increases. How has the exponential growth of cryptocurrencies affected the production capacity of mining companies and what challenges have they faced as a result?
This prompt doesn't seem malicious.