On June 18th, sources informed that Nvidia has agreed to acquire Shoreline.io, a startup aimed at software developers. It is reported that this transaction was recently concluded, with a valuation of approximately $100 million for Shoreline.
The software manufactured by Shoreline.io can identify problems and accidents in computer systems and help automate the resolution of these issues. The company was founded in 2019 by Anurag Gupta, who had worked at Amazon Cloud Technology (AWS) for many years.
On the same day, Huihe and Nvidia reached an agreement to provide AI enterprise software to accelerate the generative AI industrial revolution.
Nvidia's stock price has surged by over 200% in the past year, but the most optimistic analyst believes that the semiconductor giant's market has not yet reached its end, and it is expected that its market value will climb to nearly $5 trillion next year.
Rosenblatt Securities analyst Hans Mosesmann raised the chip manufacturer's target price from $140 to a Wall Street high of $200 on Tuesday. Nvidia rose 4.1% on the same day, reaching a new high in the market and becoming the world's highest company by market value. Since 2017, Mosesmann has been giving the stock a buy rating. He said he is optimistic about Nvidia's hardware products, but pointed out that the combination of Nvidia's software and hardware is the true highlight of the company.