5 Best Crypto, Bitcoin Stocks to Buy Instead of Overvalued Coinbase

2. NVIDIA Corporation (NASDAQ: NVDA)

Nvidia Corporation (NASDAQ: NVDA) is a California-based firm that develops graphics systems for video games and chipsets for smartphones and automobiles. The company also makes handheld game consoles and offers cloud gaming services as well. Some products made by the firm are also used in supercomputers which are used for crypto mining. New television chips made by the firm now bring 4K viewing to television through gaming devices like the Nintendo Switch. It is 2nd on the 10 best crypto, bitcoin stocks to buy instead of the overvalued Coinbase.

The company has a market cap of more than $350 billion and posted more than $16.6 billion in annual revenue in January 2021, up more than $6 billion compared to the previous year. The share price of the firm has been rising as demand rises amid a shortage of chips around the world. The 52-week share price range of NVIDIA is $648-$247. Investment banking firm Raymond James earlier this week upgraded NVIDIA stock from Outperform to Strong Buy and raised the price target from $700 to $750.