Trump administration's support for cryptocurrency industry boosts stocks like Riot Platforms, Interactive Brokers Group, NVIDIA Corporation

From Nasdaq

January 27, 2025 08:06:00 AM:

Big crypto companies have been facing caution from U.S. bank regulators regarding lending to the crypto sector. Litigations against these regulations have been led by companies like Coinbase Global, Inc. Riot Platforms, Interactive Brokers Group, and NVIDIA Corporation are well-positioned to benefit from Trump administration’s signals supporting the industry.

Trump passed an executive order expanding cryptocurrency horizons, creating a working group for new regulations and a potential national cryptocurrency stockpile. This has led to a surge in the sector, with Bitcoin reaching an all-time high of $109,071 before dropping to around $105,000 due to profit booking.

Investors are often deterred by regulatory uncertainty in the crypto sector. With the Trump administration showing support, stocks like Riot Platforms, Interactive Brokers Group, and NVIDIA Corporation are worth considering for investment. These companies have positive returns, margins, and Zacks Rank #1 or #2.

Riot Platforms is a Bitcoin mining company with a 6.2% expected earnings growth rate and a Zacks Rank #2. Interactive Brokers Group executes crypto trades with a 5.1% expected earnings growth rate and Zacks Rank #1. NVIDIA Corporation, a GPU designer for crypto data centers, has a 126.2% expected earnings growth rate and Zacks Rank #2.

Read more at Nasdaq: 3 Crypto-Exposed Stocks to Buy on the Trump Administration’s Backing