Investing in cryptocurrencies is tricky, as there are not many concrete reasons for their fluctuation in value. Consequently, investing in a company with a history of innovation and well-performing products is a more reliable way to let your money work for you. Here are three tech stocks with more potential than any cryptocurrency.
Along with Nvidia, Advanced Micro Devices (AMD) played a critical role in the development of the cryptocurrency market with its graphics processing units (GPUs). Up until September, GPUs were a crucial component in mining the cryptocurrency Ethereum. While the value of Bitcoin has risen 218% in the last five years, Apple's (AAPL 0.24%) share price has increased 259% in the same period despite steep declines in the tech industry throughout 2022. Looking at the past 12 months, Bitcoin's value has plummeted 64.8% while Apple's stock has fallen 1.2%. Alphabet (GOOG) is easily one of the fastest-growing companies in the world, making its stock a more reliable option than any cryptocurrency. The company offers investors the security of potent brands such as Android, Chrome, YouTube, and Google, each having a substantial market share in their related industries.
Source: Motley Fool
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