In its fiscal third quarter ended October 2020, the company reported a record top-line of $4.73 billion, growing 57% year-over-year. NVDA has a strong history of sales and earnings growth. It also completed the acquisition of Mellanox Technologies earlier this year. The company then launched GPU and DPU acceleration to the Arm ecosystem of HPC, cloud, edge, and PC platforms in October. In September, the company announced a definitive agreement to acquire Arm Limited from SoftBank Capital Limited and SVF Holdco (UK) Limited to combine with Arm’s vast ecosystem. NVDA has been acquiring companies to advance its AI capabilities. It deals in graphics processing units (GPU), PC gaming, tegra processors and artificial intelligence (AI), and primarily serves four markets - Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. Let’s take a look at them.Īs one of the key suppliers of the steadily expanding global gaming industry, NVDA operates as a visual computing company worldwide.
( ETSY) and Albemarle Corporation ( ALB). Here are some winners from the index that have been able to capitalize on the pandemic to become the best-performing stocks: NVIDIA Corporation ( NVDA), Advanced Micro Devices ( AMD), Etsy, Inc. Sectors like travel and financial have recovered slightly, while technology and alternative energy are hitting new highs. Yet, there’s wide variance in the performance of its member industries and stocks. The S&P 500 closed above 3,700 for the first-time last week, gaining 13.5% year-to-date. Stocks rose to fresh all-time highs last week as Pfizer ( PFE) started to roll out its coronavirus vaccine in the UK, lifting hopes of a quick economic recovery worldwide. Since plumbing those lows in March, the index has had an impressive rally and recovered the bulk of the losses. The broader market index plunged from a high of 3,393 in February to a low of 2,191 on March 23, registering a 35.4% loss in just 33 days.
The S&P 500 index entered bear territory early in the year, erasing last year’s gains. With its onset in March, global economies were forced to shut down and shut in and stock markets quickly collapsed, falling to multi-year lows. The COVID-19 global pandemic has wrought the biggest economic crisis since the Great Depression of 1929.
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