2 Ways You Could Have Identified NVIDIA Stock as a Potentially Huge Winner Before It Soared

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. 

Continue reading

Source: Fool.com