3 Great Reasons to Buy NVIDIA Stock

Even in the face of the pandemic, NVIDIA (NASDAQ: NVDA) was a clear winner, notching gains of 122% in 2020. The company's graphics processing units (GPUs) were front and center for many of the trends that accelerated last year, giving the company a boost in the process. That added to NVIDIA's already impressive performance, with the stock up more than 3,000% in the past decade.

Given its significant gains, investors might be tempted to believe the low-hanging fruit has already been picked, but nothing could be further from the truth. Many of the trends that have driven NVIDIA's robust growth are just getting started, giving the company a significant market opportunity ahead.

Let's look at three great reasons to buy NVIDIA stock now.

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Source Fool.com