Wednesday , August 4 2021

NVIDIA shares 53% in six months News

During the first half of 2021, NVIDIA shares rose in price by 53%. This was reported by the portal Seeking Alpha.

Despite the declining value of the company’s shares in recent days due to the long-term cryptocurrency market situation, analysts believe NVIDIA will continue to increase its value. It is expected that by the end of 2021, the company’s revenue will amount to nearly $ 25 billion. If the cryptocurrency market avoids significant shocks, it could reach $ 28 billion and by the end of 2022 and $ 30 billion.

Another driver of the increase in NVIDIA shares is the possible purchase of Arm. So far, regulators in the US, China, the European Union and the UK have not approved the deal. But even if it suddenly crashes, analysts still see great prospects for NVIDIA. With a market turnover of 5G and AI expected to reach $ 10 trillion by 2035, NVIDIA will be a leading provider of computer acceleration hardware.

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