I'm new to the bitcoin/cryptocurrency world, but have been working on my investment portfolio for a couple of years. As a way to further diversify my portfolio, I decided to dive into the world of cryptocurrency and start researching bitcoin etc.. I noticed that mining has definitely had an influence on the GPU market and seems to be benefiting stock prices of companies such as AMD and Nvidia since they have started to show significant market price increase since the recent bitcoin boom.

AMD - up approx 94% since last year - https://www.fool.com/quote/nasdaq/advanced-micro-devices/amd/interactive-chart

Ndvidia - up approx 72% since last year - https://www.fool.com/quote/nasdaq/nvidia/nvda/interactive-chart

There might be many reasons contributing to this up trend but I think that Bitcoin has had significant influence on certain markets since people have started accepting it.

Article - AMD vs. NVIDIA: Here’s How the GPU War Is Playing Out - https://www.fool.com/investing/2017/09/19/amd-vs-nvidia-heres-how-the-gpu-war-is-playing-out.aspx

We will see how difficulty increase and PoS will affect the GPU market. We might see that a decrease in consumer purchasing of mining hardware will happen but I'm not sure how much that will affect the share price as long as big companies are mining. I know AMD is manufacturing mining specific GPUs now.

*Edit - Just thought I'd add that I'm thinking of adding some AMD to my portfolio if the fundamentals check out. The price is still pretty cheap @ approx $13 as of the writing of this post. Probably will add Nvidia as well if the fundamentals check out, since the company has been showing promise. Just waiting for a pull back. We should see a full market correction soon maybe as soon as this year or next.

Any thoughts on the what stocks are doing in response to Bitcoin?

Anybody watching or investing in companies that seem to be moving upwards in response to Bitcoin?