NVIDIA has been one of the pandemic-era economy’s big winners, and seems to have set its sights on even higher targets in the metaverse and AI sectors. This industry leader’s prospects also stand to be boosted by expanding partnerships with other firms.
After a rise in share price over the course of the trading day Monday, NVIDIA is now the United States’ seventh-largest firm by market cap. Continuing demand for its graphics chips may help the company keep this status even as a potentially lucrative acquisition deal falls through.
As the global semiconductor chip shortage drags on, various firms are responding to supply challenges with various strategies. Now that 2022 is drawing closer, companies in the chip manufacturing industry seem to be gearing up for greater competition.