Up 150% This Year, Is Nvidia Stock a Smart Buy Now?
Supply chain disruptions sparked by the pandemic have created problems in numerous industries. For instance, automakers and consumer electronics companies are currently grappling with chip shortages, and those headwinds may last through next year. Of course, that particular problem has actually been a tailwind for chipmakers like Nvidia (NASDAQ: NVDA).
In fact, Nvidia's share price has skyrocketed 150% since the beginning of 2021 and 455% since the beginning of 2020. The company has a market cap of $814 billion as of this writing, making it the world's largest semiconductor business by a wide margin. But after those tremendous gains, is Nvidia stock still a smart buy?
Let's dive in.
Source Fool.com
