Cryptocurrencies
Nvidia Joins Other Chip Makers Benefiting From the Crypto Gold Rush
- Chip makers highlight strong demand from cryptocurrency miners
- Cryptocurrency prices have tumbled since start of the year
This article is for subscribers only.
The semiconductor business is a great business to be in, at least for now.
On Advanced Micro Devices Inc.’s earnings call last month, the company said it’s seeing strength in demand for graphics processing units (GPUs), chips that are used in cryptocurrency mining. Now its competitor Nvidia Corp. is joining in on the fun. Even Samsung Electronics Co. is reportedly making technology for crypto miners.