We are in a period of growth for the cryptocurrencies market with BTC going to $70k, ETH to $5k and the overall market cap almost reaching 3 trillion dollars. Those are numbers we have never seen before on the crypto market.
Just to get a better idea, the crypto market cap can be easily compared to developed countries GDP like Germany (3.8 trillion dollars) or Japan (5 trillion dollars) so it has came a long way since 2008 when people started to grasp the idea of cryptocurrencies.
On this context, big players like Nvidia or AMD are thriving with stock prices surging like never before. While AMD almost doubled its price in just one year, going from around $80 to over 150$ these days, Nvidia has grown from $130 to over $300 in a single year.
The key effect that the crypto market is having on these companies is coming from mining. Both these companies, and the others producing silicon computing parts are taking advantage of the increasing demand of GPUs and different processing parts that are used in the mining industry and are increasing their profits and market value.
This situation may change with time as more blockchains will switch to PoS variations instead of PoW and the demand of GPUs and ASICs will decrease (and hopefully the demand for energy), but until then, I have to admit that this technology is shaping the world more than I've been expecting.