#1 - NVIDIA (NASDAQ:NVDA)
NVIDIA Corp. (NASDAQ: NVDA) has been one of the hottest stocks since 2023 and is still one of the best long-term stocks to buy today. But it wouldn’t have seemed like that five years ago when it was trading for under $6 a share. Chip stocks are historically cyclical.
However, in the last five years, and more specifically in the last 18 months, NVDA stock is up more than 243%. The reason behind NVIDIA’s explosive growth comes from the insatiable demand for the company’s GPUs. This gives the company a lead in market share that is unlikely to be erased anytime soon.
It will be difficult and unlikely for the company to eclipse, or even match, its 243% return of the last five years. But even if that growth slows by 50%, it will likely stay ahead of the S&P 500, which has averaged about 12.5% in annual growth in the last 10 years.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $147.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 39 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $143.07 (3.2% Downside)
