NVIDIA’s founder and CEO, Jensen Huang, did not hesitate when describing how well things were going: “We are entering the new year with strong momentum across our businesses and excellent traction.” At $3.42bn revenue, up 37% from 2020’s fourth quarter, gaming stayed ahead of NVIDIA’s data centre division, which took in $3.26bn, up 71%.

So, what is driving the upbeat NVDA stock prediction? Well, a lot of it can be attributed to the strength of revenues from its gaming arm. Earnings per share stood at $1.18 – a 103% rise on the same period 12 months earlier. The NVIDIA stock news showed that revenues for the three months ended 31 January were a record $7.64bn, up 53% year-on-year, and 8% from the previous quarter.

Just take a look at how the company fared in the fourth quarter of 2021, despite the fact that the coronavirus pandemic has affected its ability to operate normally. 'It would have been really capital intensive for the company to compete with larger firms having a similar set of capabilities.The NVIDIA share price forecast is reflective of a pretty extraordinary year for the chipmaking giant. 'The capital necessary for Mandiant to succeed as a standalone cybersecurity business was going to require an external entity or an acquisition,' Pollard added. Mandiant, which focuses on cyber-incident response and cybersecurity testing, became a standalone entity last year after acquirer FireEye Inc sold its products business and the FireEye name for $1.2 billion to a consortium led by private equity firm Symphony Technology Group. Mandiant shares were down 3% in morning trading on Tuesday, while Alphabet edged up 0.5%. Google's $23 per share offer represents a premium of about 53% to Mandiant's stock price levels before reports emerged of Microsoft eyeing a deal. The deal will enhance Google's cloud computing business, which generates more than $19 billion annually, and beef up its security operations and advisory services.

'This is just the beginning of what we're going to see in terms of cybersecurity acquisitions for all the big cloud firms,' Jeff Pollard, principal analyst at Forrester Research, said. Register now for FREE unlimited access to Register

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