As the world moves toward a future of autonomous vehicles, artificial intelligence and cloud computing, investors have taken notice of the leading provider of cutting-edge graphics processors, NVIDIA Corporation (NVDA). In recent months, the stock has been on an incredible run, continuing to set new all-time highs and outperforming the broader market.
The Santa Clara, California-based company is an industry leader in the production of graphics processing units (GPUs), which are essential for many of the most advanced technologies. GPUs are used in the development of artificial intelligence, autonomous vehicles, and cloud computing, as well as in gaming and professional visualization applications. NVIDIA’s GPUs are also used in the development of cryptocurrency mining.
In the past year, NVIDIA’s stock has gained more than 200%, drastically outperforming the S&P 500, which has gained only 8%. This dramatic outperformance is largely due to the company’s strong fundamentals, including strong revenue growth and positive earnings in the fourth quarter of 2018.
The company also recently announced a partnership with Microsoft to provide its GPUs in Azure cloud computing services. This deal will increase the company’s presence in the cloud computing industry, which is expected to continue to grow significantly in the coming years.
The company’s strong fundamentals, combined with its increasing presence in the cloud computing industry, have made NVIDIA an attractive stock for investors. The stock is currently trading at its all-time high of $186.74, and many analysts expect it to continue to climb in the coming months.
Overall, NVIDIA has seen a remarkable year in 2018, and its strong fundamentals and increasing presence in the cloud computing industry have made it an attractive stock for investors. With the company continuing to set new all-time highs, it appears that the stock will continue to climb in the future.