One tech company that outperformed Bitcoin

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

An investment in Bitcoin 10 years ago would be worth substantially more than the same investment in six of the Magnificent 7. Here is the exception.

The share price of just one of the so-called Magnificent 7 company has grown more than Bitcoin’s price over the past decade.

The performance of these seven companies is generally extraordinary compared to other listed entities. At the end of last week, a single Bitcoin cost about $68,419, an astounding 17,729% more than its price of $384 at the end of the same week 10 years ago.The graphics processing unit and artificial intelligence accelerator designer has seen its share price climb 31,313% over the past decade.

Nvidia previously also profited from the hype surrounding cryptocurrency and blockchain, with its high-performance GPUs proving ideal for powerful crypto mining rigs. This, combined with a crypto market crash, caused demand for Nvidia graphics processors to ease — just in time for an AI boom fuelled by the popularity of OpenAI’s ChatGPT.After Nvidia and Bitcoin, the best returns were on shares in Tesla , Amazon and Apple .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines