5 Best Blockchain Stocks To Buy Now

4. NVIDIA Corp (NASDAQ:NVDA)

NVIDIA Corp (NASDAQ:NVDA) was in the limelight at the peak of Bitcoin and blockchain popularity. That’s because the Graphics Processing Units (GPUs), which NVIDIA dominates the market of, are the best processors for data mining due to their faster processing speed and efficiency compared to Central Processing Units (CPUs). In fact, at one point there was a shortage of GPUs and the company reported a significant increase in revenue (last year, it was fined for failing to disclose the impact of miners on its revenue to investors). In 2021 the company launched a chip dedicated to mining. For the fiscal third quarter (ended October 29), NVIDIA Corp (NASDAQ:NVDA) reported revenue of $18.12 billion (an increase of 206% on the year) and more than $2.0 billion higher than anticipated. The company’s EPS of $4.02 also topped the consensus by $0.63. At the end of September, there were 180 hedge funds bullish on NVIDIA Corp (NASDAQ:NVDA), up by five over the quarter.