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NVDA - Cloud Technology: Business Appears Stronger Than The Market Suggests
NVIDIA Corporation
Recent earnings from cloud computing leaders indicate that underlying sales growth is robust and exceeding market expectations.
Industry analysts like Gartner expect growth in total spending on cloud deployed solutions to top 20% in 2022.
Meanwhile, the stocks of market-leading application and infrastructure providers have pulled back considerably, with valuations disregarding all the fundamental business growth over the past two years.