2 Reasons to Buy Nvidia Stock Like There's No Tomorrow
Nvidia (NASDAQ: NVDA) has been anything but an under-the-radar stock over the last year. After blowing out sales estimates for three straight quarters, shares of the technology company have soared 265% over the last 12 months.
Nvidia is currently the clear leader in the race for artificial intelligence (AI) computing solutions; saying its powerful semiconductors are in high demand is an understatement. And even after the surge in the stock, there are still two good reasons to buy it now.
Nvidia offers a diversified portfolio of products. It makes chips for gaming and offers a cloud-based gaming service. Its omniverse platform helps businesses design and operate manufacturing processes, and the company also supplies the burgeoning autonomous driving industry. But the data center segment is what has investors most excited.
Source Fool.com
