NVIDIA (NASDAQ: NVDA) is enjoying strong demand for its graphics processing units (GPUs) across several markets, such as artificial intelligence, robotics, and 5G networking. While these areas present massive growth opportunities, investors are being asked to pay a steep price right now.
The shares currently trade at lofty valuation levels after a blistering run, so investors shouldn't expect the stock to deliver another 1,600% gain like it did over the previous five years. But NVIDIA still has lucrative opportunities emerging in software that could keep the business humming along.
NVIDIA has been on fire. Strong performance from its two largest segments -- gaming and data center -- resulted in revenue and earnings per share increasing by 53% and 73%, respectively, in fiscal 2021 (which ended in January).
Source Fool.com