Saturday , September 18 2021

NVIDIA increased 53% in six months news

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

Despite the fall in the value of the company’s shares in recent days due to the situation in the cryptocurrency market, analysts believe that NVIDIA will continue to grow in the long run. By the end of 2021, the company’s revenue is expected to be nearly $ 25 billion. If the cryptocurrency market avoids significant shocks, it could reach $ 28 billion, and by the end of 2022, $ 30 billion.

Another lever to increase 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 is suddenly blocked, analysts still see great potential for NVIDIA. With revenue in the 5G and artificial intelligence market, NVIDIA will reach $ 10 trillion by 2035 and will be one of the top providers of computer accelerator hardware.

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