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Nvidia Stocks Look Set for Continuing Rise

2018-01-11 05:41:45
by Dominic Brown
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With Bitcoin and other altcoins like XRP and ZDR enjoying record-breaking highs in 2017, other industry associates can also benefit.
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With Bitcoin and other altcoins like XRP and ZDR enjoying record-breaking highs in 2017, other industry associates can also benefit. Nvidia, who manufacture graphics cards, was the top performer in their category in 2017 on the S&P (Standard and Poors) 500 index. Their share price went up 100% in 2017, and some financial analysts believe that the crypto boom benefits will continue in 2018.

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Chipmakers are in high demand as they cater to the expanding gaming and eSports markets, as well as to virtual or artificial reality environments. Goldman Sachs advised its clients on January 5th that they could expect another excellent year, and that Nvidia had a prime position as one of the few stocks which can access these multiple markets. GS views gaming \"as a meaningful and sustainable growth driver\" and picked Nvidia and another company, Entegris, as leading the field in Semi-Conductors and Semi-Conductor Capital Equipment.

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Nvidia launched a new graphics card, Titan V, in December which could push the company’s share price up by 7%. Volta is apparently nine times more powerful than Nvidia\'s previous chip, Pascal, and retails at $3,000. With 640 Tensor cores, 5,120 CUDA cores and a memory of 12GB, the Volta is claimed to be the most powerful Graphics Processing Unit available.

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