Last updated on December 8th, 2022 at 02:28 pm
At the end of the third quarter, NVIDIA shares were among the growth leaders
The third quarter for the S&P 500 index ended with an increase of 8.5%, the shares of the technology sector during this period rose in price at a faster pace. NVIDIA can be ranked among the growth leaders, as its shares have risen in price by 76% since the announcement of the deal with Arm. Even with the shortage of new graphics cards, analysts see evidence of strong demand, not supply problems.
AMD is not lagging behind its competitor, as noted by the Seeking Alpha resource. Its shares rose 71% in the third quarter, driven by both Intel’s delay in adopting 7nm technology and the favorable performance forecasts for AMD Ryzen processors unveiled this month.
Wedbush analysts are raising their forecast for NVIDIA stock to $ 600 at the current $ 522 in anticipation of GTC 2020 on Monday while citing strong demand for gaming graphics cards introduced in September. In their opinion, the resulting deficit is evidence of high demand, and not supply problems. Like the shares of many American companies, NVIDIA securities fell in price yesterday due to news of Donald Trump’s infection with the coronavirus infection.
