Why NVIDIA Stock Soared 121% in 2020

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NVIDIA‘s (NASDAQ: NVDA) stock price climbed 121.9% last year, according to data provided by S&P Global Market Intelligence. The graphics specialist released new graphics processing units (GPUs) across its two largest segments — data center and gaming — that drove high demand.  

In September, NVIDIA made waves in the chip industry by announcing the $40 billion acquisition of ARM Holdings, controlled by SoftBank Group. The deal still must pass regulatory scrutiny but would significantly enhance NVIDIA’s ability to deliver cutting-edge artificial intelligence (AI) solutions using ARM’s chip designs. 

NVIDIA’s Ampere-based A100 GPU. Image source: NVIDIA.

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