Where to Invest $10,000 Right Now
Have $10,000 to invest from your savings, stimulus checks, or some other windfall? There's no time like the present to put money to work, especially right now as the economy slowly rebounds from COVID-19 and technology reshapes the business world. After padding your emergency fund and paying off high interest rate debt, investing what's left over in some individual stocks with great long-term potential can really pay off down the road. Three that top my list right now are NVIDIA (NASDAQ: NVDA), STORE Capital (NYSE: STOR), and Teladoc Health (NYSE: TDOC).
Graphics processing unit (GPU) pioneer NVIDIA is one of those companies the average consumer knows little about but benefits from more often than they realize. Long gone are the days when the GPU was just for high-end video game graphics. NVIDIA is applying its hardware to all sorts of industries from healthcare to autos -- especially by powering cloud computing services with its data center equipment.
Key to NVIDIA's success in recent years is its work in artificial intelligence. GPUs are ideal for handling data-intensive AI and machine learning tasks. They also use less power than chips traditionally installed in data centers, helping operators not just accelerate computing power but also reduce operating costs over time. As a result, NVIDIA is at the start of a massive upgrade cycle that could keep it in growth mode for many years.
Source Fool.com
