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 .