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Is Buying Nvidia Stock a Sneaky Crypto Play?

Dominic Basulto, The Motley Fool
·4 min read
Is Buying Nvidia Stock a Sneaky Crypto Play?

Investors are buzzing about Nvidia (NASDAQ: NVDA) after it reached a $1 trillion market capitalization at the end of May. Now trading at just under $400, Nvidia joins a rarefied elite of just four other U.S.-based companies -- Apple, Alphabet, Microsoft, and Amazon -- with trillion-dollar market valuations. Although Nvidia is obviously a strong play on the future growth of the tech industry, could it also be a sneaky crypto play? Nvidia already provides the specialized graphics processing units (GPUs) required for cryptocurrency mining rigs.

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