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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.
Over the past three months, Nvidia's (NASDAQ:NVDA) stock has been upgraded by several financial services firms including Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), and Bernstein, while some others have downgraded the stock, such as Pacific Crest.