Think of them as the brain of cloud services that keeps software and services running seamlessly. That's up from $270 billion in 2020.īut cloud-based software is nothing without the data centers.
According to Gartner Inc., a tech research and advisory firm, spending on public cloud services is expected to grow 23.1% in 2021 to total $332.3 billion. If any good has come out of the pandemic, it's that we've seen the potential of cloud-based software and computing with the work-from-home movement. Why Nvidia's Cloud-Based Software Will Dominate This has allowed it to develop an expanding suite of cloud-based software. Not only is Nvidia able to create powerful graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip (SoC) units for mobile computing and automotive market, but the company also pours a large amount of resources into research and development. Nvidia has an edge as it moves into cloud software and services. And that growth could see Nvidia stock jump 190% higher by 2025. Nvidia is a growing tech company that could one day rival tech giants like Inc.
That's why our Nvidia stock forecast shows shares nearly tripling from here. Fortunately for investors, it is much more than a semiconductor company. If Nvidia were just a semiconductor manufacturer, the stock would be overpriced.
Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. If you are good with personal finance and are looking to invest, you will find the NVIDIA on NASDAQ stock exchange.Comment on This Story Click here to cancel reply. Trading in bull markets is always easier so you might want to favor these shares under the given circumstances, but always read up on optimal investment strategies if you are new to investing. Since this share has a positive outlook we recommend it as a part in your portfolio. Our Ai stock analyst implies that there will be a positive trend in the future and the NVDA shares might be good for investing for making money. Currently there seems to be a trend where stocks in the Technology Manufacturing sector(s) are not very popular in this period. According to present data NVIDIA's NVDA shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Recommendations: Buy or sell NVIDIA stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the NVIDIA share forecasts, stock quote and buy / sell signals below.
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