Trader gained $61,000 USD after investing in nvidia

Nvidia is one of the world’s largest semiconductor companies, and it has been pursuing an acquisition of Arm for some time. As the situation drags on, many have chimed in.

Numerous regulatory investigations into the acquisition are presently underway around the world.
Priestley told CNBC, “I believe it is exceedingly improbable that it will go through.”
The transaction was supposed to close in March 2022, but Nvidia CEO Jansen Huang suggested it could take longer owing to regulatory worries.

NVDA’s stock is bullish despite the recent drop, continuing its strong performance in previous weeks.

Traders are positive about NVDA’s stock, while some of them shared their return profits on reddit. One of the users gained $61,000 which makes 19.49% of his portfolio. Another user shared a screenshot of his daily return which was $15,228 (65.94%) .

NVDA’s stock price has increased by more than 135 percent year to date, making it one of the best performers in the semiconductor industry. Because NVDA has momentum on its side, the stock price could yet rise before the end of the year. With gains of 150 percent in 2021, Nvidia (NVDA -4.46 percent ) stock destroyed the market, and investors will be hoping that the graphics expert repeats its stellar performance in the new year.

According to Newzoo, the cloud gaming business might generate $6.5 billion in sales by 2024, accounting for 3% of the worldwide gaming market. As a result, cloud gaming still has a lot of space for expansion, and Nvidia is already going to benefit from it.

Written by farahnoorkhan

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