TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Fixing SA’s power crisis is not complex: it simply takes the will to do better

      12 August 2022

      Consortium makes unsolicited bid for state’s 40% stake in Telkom

      12 August 2022

      Actually, solar users should pay more to access the grid – here’s why

      12 August 2022

      Telkom says MTN talks remain on track

      12 August 2022

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022
    • World

      Tencent woes mount, even after $560-billion selloff

      12 August 2022

      Huawei just booked its first sales rise since US blacklisting

      12 August 2022

      Apple remains upbeat about iPhone sales even as Android world suffers

      12 August 2022

      Ether at two-month high as upgrade to blockchain passes major test

      12 August 2022

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Investment»The extraordinary rise and rise of Nvidia

    The extraordinary rise and rise of Nvidia

    Investment By Agency Staff18 November 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Nvidia shares jumped 12% on Thursday after the chip maker earned praises from analysts for delivering estimate-beating results “like clockwork”.

    Needham analysts said Nvidia could become the “first trillion-dollar semiconductor company”. Indeed, Thursday’s move added more than US$80-billion to its market capitalisation, which crossed the $800-billion threshold for the first time. Since early October, Nvidia has added more than $300-billion in market value, about the equivalent of the market cap of Walt Disney, Netflix or Pfizer.

    Most of the Wall Street analysts covering the stock were upbeat on the company’s data centre business that powers machines used by cloud computing and corporate networks. That division saw 55% revenue growth, well ahead of analyst estimates. “Data Centre was the star of the show … and is expected to be the biggest driver of growth in the fourth quarter as well,” said Christopher Rolland at Susquehanna Financial Group.

    In the last month alone, three out of four analysts covering the stock raised price targets

    The report is only the latest catalyst for Nvidia’s stock, which is up more than 60% off a low hit in early October. Much of the advance has come on the back of growing optimism over the metaverse, a digital environment that is accessed with virtual reality tools. The metaverse has become an issue of particular interest on Wall Street ever since Meta Platforms, the company formerly known as Facebook, announced that it would be its new corporate focus.

    Nvidia is expected to be a key beneficiary of this market, given its Omniverse software platform, which is used for creating virtual spaces, as well as heightened demand for processing chips. Needham estimated that the Omniverse could represent a $100-billion market opportunity.

    In the last month alone, three out of four analysts covering the stock raised price targets and Needham along with two other brokers have a street-high price target of $400, roughly a 25% upside from its current level and giving Nvidia a $1-trillion market valuation. The technology industry already represents five of the six current members of the trillion-dollar club and may well be the spawning ground for the next.  — Reported by Thyagaraju Adinarayan and Ryan Vlastelica, (c) 2021 Bloomberg LP

    Facebook Nvidia
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleFire Eskom ‘mischief makers’: Gordhan
    Next Article Apple is working to build a fully autonomous electric car

    Related Posts

    Fixing SA’s power crisis is not complex: it simply takes the will to do better

    12 August 2022

    Consortium makes unsolicited bid for state’s 40% stake in Telkom

    12 August 2022

    Actually, solar users should pay more to access the grid – here’s why

    12 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Get your brand in front of TechCentral’s amazing audience

    12 August 2022

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.