Prediction: Nvidia Stock Will Get a Boost From an Increase in Acquisition Activity
Nvidia (NASDAQ: NVDA), which dominates the artificial intelligence (AI) chip and related technology space, seems poised to increase its acquisition activity in the near-term to medium-term.Nvidia has proven very savvy in making prior acquisitions. Notably, its largest acquisition ever -- its $6.9 billion purchase of high-performance networking specialist Mellanox Technologies in 2020 -- has proven to be a huge winner. So, investors should be able to count on future acquisitions also being shrewd and helping to boost Nvidia's profit growth and, hence, its stock price.Continue reading
Nvidia (NASDAQ: NVDA), which dominates the artificial intelligence (AI) chip and related technology space, seems poised to increase its acquisition activity in the near-term to medium-term.
Nvidia has proven very savvy in making prior acquisitions. Notably, its largest acquisition ever -- its $6.9 billion purchase of high-performance networking specialist Mellanox Technologies in 2020 -- has proven to be a huge winner. So, investors should be able to count on future acquisitions also being shrewd and helping to boost Nvidia's profit growth and, hence, its stock price.
