Fool.com contributor Parkev Tatevosian describes the link between Nvidia (NVDA 1.69%) and cryptocurrencies.
*Stock prices used were the afternoon prices of June 12, 2024. The video was published on June 14, 2024.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
The Surprising Connection Between Nvidia Stock and Cryptocurrency Prices
By Parkev Tatevosian, CFA
–
Jun 15, 2024 at 8:50AM
NASDAQ: NVDA
Nvidia
Market Cap
$3,064B
Today's Change
(1.69%) $2.07
Current Price
$124.92
Price as of October 4, 2024, 4:00 p.m. ET
Nvidia GPUs were used to mine cryptocurrencies, and that use case connected the two.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Related Articles
Is This Company an "Nvidia Killer?" What to Know About Cerebras' IPO
Nvidia's CEO Says Demand for Its New Chips Is "Insane." Is It Time to Buy the Stock?
2 Top Artificial Intelligence (AI) Stocks to Watch in October
You Won't Believe What Nvidia CEO Jensen Huang Just Said!
Could Nvidia Stock Soar if Kamala Harris Becomes President?
781%
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.