Prediction: Nvidia Stock Will Get a Boost From an Increase in Acquisition Activity

Nvidia (NASDAQ: NVDA), which dominates the artificial intelligence (AI) chip and related technology space, seems poised to increase its acquisition activity in the near-term to medium-term.Nvidia has proven very savvy in making prior acquisitions. Notably, its largest acquisition ever -- its $6.9 billion purchase of high-performance networking specialist Mellanox Technologies in 2020 -- has proven to be a huge winner. So, investors should be able to count on future acquisitions also being shrewd and helping to boost Nvidia's profit growth and, hence, its stock price.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool