Analyzing Nvidia's Growth in the Stock Market
A Look Into Nvidia's Impressive Stock Performance
Nvidia is a powerhouse in the world of tech. This Santa Clara-based company has become a giant in the realm of graphic processors and Artificial Intelligence (AI). While they've gone through some rough patches over the past few years, the company's performance in the stock market has been nothing short of remarkable.
Amidst this pandemic, Nvidia has seemingly remained untouched by the volatility of the stock market. Its performance can be seen as a reflection of the strong fundamentals of the company. In 2020 alone, Nvidia's shares have skyrocketed from around $400 to over $700. This represents an impressive increase of nearly 75%.
However, the company's meteoric rise in stock prices isn't only limited to the past year. Over the past three years, the company has seen its stock price increase by a whopping 436%. While some of this growth can be attributed to the rise of GPUs for cryptocurrency mining, the outlandish upsurge in stock prices is beyond impressive.
So, what is the driving force behind Nvidia's stock performance? Essentially, it's becoming the go-to choice for more and more tech-heavy applications. Whether it's automotive companies who need special graphics processors for self-driving vehicles, or tech companies who need GPUs for machine learning and deep learning applications, Nvidia is continuing to prove its mettle.
Whether it's gaming, gaming labs, or process-intensive applications, Nvidia's GPUs are increasingly becoming the go-to choice for Hollywood and tech-focused companies. This demand creates an incredible momentum for Nvidia on the stock market as more investors flock to the company.
Not only that, but Nvidia is actively investing in various technology sectors as well. Whether it's their cutting-edge AI chips, or their focus on automotive applications, the company is continuing to remain at the forefront of technological advancements.
Weighing all the elements together, it's easy to see why Nvidia's stock performance has been so impressive. With each passing day, it appears that the company will continue to move up in the market and provide investors with unparalleled returns.