The Top Tech Stock to Buy in October
Because the computer chip shortage gets so much attention -- and rightly so considering the impact it's having on broad swaths of the economy -- shares of chipmaker Nvidia (NASDAQ: NVDA) have been much more volatile than they otherwise might be.
Shares remain under pressure because even the most optimistic forecasts don't see equilibrium being achieved until the middle of next year, and that may be followed by a glut. Nividia's stock is down 10% from recent highs.
But that's good news for investors, because the chip shortage is a transitory situation and Nvidia should be able to capitalize on a number of trends already under way, especially when it completes its acquisition of chip designer Arm. That's why the chipmaker is my top tech stock to buy in October.
Source Fool.com
