Graphics processing unit (GPU) manufacturer has seen demand rising for its products across a range of industries in recent times. In light of the continued growth and the massive gains delivered by the NVIDIA Corporation (NASDAQ:NVDA) stock, the shares are currently quite highly valued.
Although it is unlikely that the stock is going to deliver such gains anytime soon, there are enough positives that could keep the growth story intact in the foreseeable future.
The company performed admirably in two of its biggest segments, namely data center and gaming. In fiscal 2020, which concluded in January, NVIDIA recorded revenues growth of 53% from those segments and earnings per share rose by 73%.
It is clear to see that NVIDIA runs an impressive operation and when it comes to high-growth companies, it is often seen that paying up for big valuations often works out in the long term. NVIDIA is a stock that investors could consider adding to their watch lists.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.