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This Catalyst Could Supercharge NVIDIA Stock in 2020

TheMotleyFool

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This Catalyst Could Supercharge NVIDIA Stock in 2020Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

NVIDIA (NASDAQ: NVDA) has set the stock market on fire this year, remaining a top growth stock even though its financial performance has not been up to scratch. But the graphics specialist is now in the midst of a turnaround, with revenue expected to jump as much as 34% in the current quarter and earnings per share projected to more than double year over year.

Strong growth in the graphics card business will be the primary driver of NVIDIA's turnaround. But this is not the only catalyst that the chipmaker is sitting on. The tech giant's data center business is about to get its act together as well in 2020. Let's see how.

Image Source: Getty Images

Source Fool.com

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