NVIDIA and Oracle, two global tech giants, have recently made significant waves in the stock market. They are pushing the boundaries of what is possible to achieve by ripping higher despite the global economic downturn.
First, let’s delve deeper into NVIDIA’s story. Despite the financial distress caused by the ongoing global pandemic, NVIDIA, the pioneering company in the realm of graphics processing units (GPUs) for gaming and professional markets, raised the bar even higher. NVIDIA’s graphics cards are considered state-of-the-art, capable of supporting high-performance games and computing processes. Even in unprecedented years such as the last one, NVIDIA managed to have stellar performance and significant growth.
Over the past 52 weeks, NVIDIA’s shares have more than doubled, from just $180 to a record-breaking $500, signifying outstanding growth and surpassing the expectations of shareholders and market analysts. The company’s increased valuation can be attributed to its strong stake in the booming gaming industry and colossal strides in AI advancements. NVIDIA’s reliable and performant GPUs are eagerly sought after by tech-enthusiasts worldwide. Furthermore, they have strategically targeted and settled their ground in the ever-growing AI and data center market, which has also powered the extraordinary performance of their stocks.
On the other hand, Oracle, a renowned player in the realm of database management systems and cloud-engineered systems, has not allowed the market’s turbulence to hinder their flight. Surprisingly, Oracle’s stock price surged by an impressive 26% in the past 12 months, defying the wrath of the ongoing pandemic. Oracle’s continued success can be credited to its robust business model, which was quick to adapt to remote work solutions. The company has successfully capitalized on this recent trend of work-from-home methodologies by strengthening its cloud-based services.
Oracle’s 2020 Q4 report clearly exhibits its robust financial health even in times of economic turmoil, with a 44% increase in the Fusion ERP cloud license. The remarkable earnings growth and optimistic future projections have caused the stock prices to catapult upwards. Oracle’s active transition to a subscription-based model and its surge in the Software as a Service (SaaS) market are additional factors stimulating its market success.
In conclusion, NVIDIA and Oracle’s sharp rise amidst a bearish market reaffirms their position as resilient market players. These companies continued to innovate, adapt, and commit to their strategic business models when the odds were stacked against them, thereby turning adversity into opportunity. Their core strengths in technological advancements, robust business models, and a strong hold on the essential sectors of gaming, AI, and cloud computing have powered their breakthrough. Their ability to defy market trends makes them essential powerhouses in the tech industry. Investors should keep a keen eye on these two, as they continue to push the boundaries and rip higher.