For the first half of 2021, NVIDIA shares rose in price by 53%. This was reported by the Seeking Alpha portal.
Despite the decline in the value of the company’s shares in the past few days due to the situation in the cryptocurrency market, in the long term, analysts believe that NVIDIA will continue to rise in value. It is expected that by the end of 2021, the company’s revenue will amount to almost $ 25 billion.If the cryptocurrency market avoids significant shocks, then it could reach $ 28 billion, and by the end of 2022 and $ 30 billion.
Another driver for the rise 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 suddenly it is blocked, analysts still see great prospects for NVIDIA. With 5G and AI market turnover expected to reach $ 10 trillion by 2035, NVIDIA will be one of the top providers of computing acceleration hardware.