Nvidia (NVDA) is one of the most successful companies in the stock market, with its stock price up over 50% since the beginning of the year. The company’s GPUs are used in many applications, including artificial intelligence and autonomous vehicles. These are two areas that have enormous potential for growth, which means that Nvidia’s success isn’t just a flash in the pan—it’s here to stay.
Nvidia’s (NVDA) stock is up over 50% since the beginning of the year.
You may be wondering whether it’s time to buy Nvidia stock. The answer is yes, absolutely. The company has been on a tear since the beginning of 2018 and it shows no signs of slowing down. In fact, Nvidia’s stock price has been steadily climbing over that period as well, hitting new all-time highs along the way.
Nvidia’s (NVDA) stock is up over 50% since the beginning of 2019 and hit an all-time high of $180.77 on December 21st before closing at $181 per share on that day as well!
Investors are optimistic about advances in artificial intelligence.
The reason for this optimism is the rapid growth in demand for GPUs, which are well-suited to train AI models. As artificial intelligence becomes more advanced, it will be necessary to train more sophisticated machine learning models. This requires a large amount of computing power and data processing capabilities that are beyond what CPUs can provide on their own. Thus, companies looking to develop new AI applications need access to high-performance GPUs like those made by Nvidia–and they’re willing to pay top dollar for them.
Nvidia has been able to capitalize on this trend by becoming a leader in the field of computer graphics processing units (GPUs). These chips allow computers running graphic-intensive programs such as video games or photo editing software run faster …