Even in the face of the pandemic, NVIDIA ((NASDAQ: NVDA) was a clear winner, posting 122% gains in 2020. The company’s graphics processing units (GPUs) have been at the center of many trends that accelerated over the past year and gave the company a boost in the process. This added to NVIDIA’s already impressive performance, with the stock rising more than 3,000% over the past decade.
Given the substantial gains, investors might be tempted to believe that the low hanging fruit has already been picked, but nothing could be further from the truth. Many of the trends that drove NVIDIA’s robust growth are just beginning and giving the company an opportunity significant market opportunity ahead.
Let’s look at three great reasons to buy NVIDIA stock now.
1. Every cloud has an NVIDIA liner
The digital transformation has been going on for some time, with cloud computing being the rule rather than the exception. The pandemic occurred …