Is NVIDIA Stock a Buy?
NVIDIA (NASDAQ: NVDA), like other tech stocks, took a hit in 2020 amid COVID-19-related sell-offs. The company has long driven sales by leading the industry in the manufacture of graphics processing units (GPU). Applying some of its GPU technology advances in other areas has led to a resurgence in NVIDIA stock.
As more companies adopt these new applications, both the company and NVIDIA stock will likely benefit. However, the question investors should ponder is whether they would see higher returns by investing in one of NVIDIA's competitors.
Those who have followed tech stocks like NVIDIA know the case for buying this company well. The GPU company orchestrated a comeback by turning to new technologies. Innovations related to artificial intelligence (AI), virtual reality (VR), the Internet of Things (IoT), and other industries will become more prominent in the near future. NVIDIA chips have helped to make all of these possible.
Source Fool.com
