Time to Level Up Your Portfolio: Why You Need to Start Stacking NVDA Stock Now!

Despite the volatility generally associated with stock markets, some companies stand out as balanced havens for smart investors. A great example of this is NVIDIA Corporation, commonly known as NVDA in the stock universe. NVDA, a multinational technology company, is best recognized for its robust presence in the graphics processing unit (GPU) market, a critical component for computer gaming and professional markets. The demand for GPUs has risen dramatically amidst the ongoing digital revolution. Driven by technological advancements like artificial intelligence, supercomputing, and data centers implementation, this demand has firmly rooted NVDA’s growth trajectory. NVDA’s commitment to innovation is exceptional, as illustrated by its persistent efforts in developing new processors. In 2020, the company announced the creation of the A100 GPU, utilized for artificial intelligence applications and high-performance computing. This opened a new stream of income for NVDA, which has largely remained immune to the macroeconomic disruptions. Another aspect contributing to NVDA’s success is its strategic acquisitions. One notable acquisition is the purchase of Mellanox in 2019, which strengthened NVDA’s capabilities in the growing data center market. Moreover, NVDA is currently in the acquisition process of Arm Ltd., a leading UK-based semiconductor and software design company, which if approved, will fortify NVDA’s position in the tech industry as a powerhouse of processors. Financially, NVDA exhibits impressive stability. A quick look at the company’s earnings will show a string of positive surprises. In Q4 of 2020 alone, NVDA experienced a 61% year-over-year revenue growth and a 91% surge in data center revenue. The increasing adoption of AI platforms across industries has boosted the company’s top line. This robust financial performance not only makes NVDA a stable investment but also reflects the company’s robust internal management and ambitious vision for growth. Analysts’ consensus tilts towards a bullish forecast, given how NVDA is monetizing from trends like remote work, gaming, e-commerce, healthcare, and automation. Its forward-looking P/E ratio is 44.78, demonstrating that investors are willing to pay a high price for the expected earnings growth. According to the analysts at Wall Street, NVDA is most likely to achieve exponential growth over the next few years giving its strong presence in the still-growing markets. In terms of stock performance, even amidst the uncertainty of the year 2020, NVDA witnessed significant growth. It began the year trading at $239 and ended at $