Nvidia is making a strategic bet to grab a piece of a $174 billion market (NVDA) | Markets Insider
Nvidia is making a strategic bet to grab a piece of a $174 billion market (NVDA) Ethel Jiang Mar. 11, 2019, 01:09 PM Thomson Reuters Nvidia on Monday announced it has agreed to buy Mellanox in a $6.9 billion all-cash deal. A chip expert says the deal will give Nvidia an even bigger market share in the data-center market, which Reportlinker says will reach revenues of around $174 billion by 2023. Connectivity and bandwidth are increasingly becoming a bottleneck in the data-center market as the size of workloads increase, and the deal can provide a broad solution to overcome these challenges, according to Wall Street analysts. Watch Nvidia trade live.