The three stocks to watch for a cryptocurrency earnings boost this quarter

The three stocks to watch for a cryptocurrency earnings boost this quarter

Three companies are looking to sell shovels during a crypto-mining gold rush: chip-maker TSMC and the graphics card manufacturers NVidia and AMD. Collectively, they produce the silicon and circuitry that power the vast data-centers mining bitcoin, ethereum, and other cryptocurrencies. Year-to-date share price performance ’17Feb.Mar.Apr.MayJun.Jul.Aug.Sep.Oct.-20020406080100%TSMC*AMDNVIDIA-20020406080 Data: FactSet | * US ADR TSMC, the world’s largest independent chip maker, said last week (Oct. 19) that its third-quarter earnings were boosted by gear popular among crypto-miners. “We saw continued strength from automotive, [internet of things] and high-performance computing, which includes a surge demand from cryptocurrency mining,” TSMC co-CEO Mark Liu said […]