2 Ways You Could Have Identified NVIDIA Stock as a Potentially Huge Winner Before It Soared
NVIDIA (NASDAQ: NVDA) stock has been red-hot. Shares of the graphics-chip specialist have returned 450% since the start of 2016, and 68.2% so far in 2017 through Friday, Sept. 22. The S&P 500 has returned 28% and 13.4%, respectively, over these periods.
When you see returns like this, one thought that likely comes to your mind is: How might I have spotted this stock as a potentially big winner before it went ballistic?
To be clear, I think NVIDIA still looks attractive as a long-term investment. Its graphics processing units (GPUs) have become favored for providing processing power for deep learning, a burgeoning niche within artificial intelligence (AI). It seems unlikely, however, that investors will see another five-plus-fold increase in less than two years.
Source: Fool.com
NVIDIA Corp. Stock
Currently there is a rather positive sentiment for NVIDIA Corp. with 190 Buy predictions and 8 Sell predictions.
As a result the target price of 110 € shows a slightly positive potential of 6.69% compared to the current price of 103.1 € for NVIDIA Corp..
