NVIDIA Stocks Rose by 16.4% in March After Continous Declines

It seems like the worst may be over for NVIDIA’s stocks, as last month the company’s stocks rose steadily by exactly 16.4% after a rough 5 months or so. In August 2018, team green’s stocks rose to an all-time high of US$281, but shortly afterward fell to their lowest ($133) in the past decade. This was the result of panicking investors selling off their shares in the aftermath of the cryptocurrency hangover.

NVIDIA Stocks

At the beginning of this year, NVIDIA held a press conference for investors and assured stock-holders that there’s nothing to worry about by showing recent stats that indicated an increase in the sales of the Turing GPUs compared to Pascal, as well as a much higher Max-Q notebook adoption. This was followed by the company’s recent acquisition of Mellanox (maker of smart interconnect solutions for servers and data-centers) for a mammoth $6.9 billion. This apparently made a lot of people happy, as the company’s stocks rose sharply after the acquisition was announced.

NVIDIA shares grew by 7% on the same day and the upward trend continued culminating in a 12.7% gain by the end of the week. There are two main reasons for this:

  • Firstly, both companies are key players in the data center and high-performance computing (HPC) sector. with NVIDIA’s computing platform and Mellanox’s interconnect powering more than 250 of the fastest 500 supercomputers around the world.
  • Secondly, the initial financial impact of the deal looks good. NVIDIA said that post-close, “the transaction is expected to be immediately accretive to [its] non-GAAP gross margin, non-GAAP earnings per share and free cash flow.”

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Source: TheMotleyFool

Areej
I love computer hardware and RPGs, and those two things are what drove me to start TechQuila. Other than that most of my time goes into reading psychology, writing (and reading) dark poetry and playing games.

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