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Stein expects Nvidiaâs revenue from the server market, which more than doubled to $830 million last year, to increase at an average rate of 61% annually through 2020. The companyâs total revenue increased 38% to almost $7 billion.
Rising prices at Ethereum push Nvidiaâs value, according to analyst Mitch Steeves of RBC Capital. Steeves argues that the high rates of Ethereum will increase the use of Nvidia GPUs for mining. On Monday, Nvidia shares rose 1.67 USD, or 0.8%, to 216.60 USD. Steeves, who gave Nvidia a âbetterâ rating, said the cryptocracy recovery period has fallen as prices have risen. Price increases include Ethereum, Monero, Zcash, and Bitcoin.