Why This Stock Looks Like a Good Buy-and-Hold Option
In the latter part of 2018, NVIDIA's (NASDAQ: NVDA) stock went into a multiweek free fall that cut the stock by more than half.
The stock of the company, which makes graphics processing units (GPUs), had soared nearly 800% from the first day of trading in 2016 to its intraday high on Oct. 2, 2018. It fell over the next three months before starting to climb, and is up roughly 60% so far in 2019. NVIDIA's GPUs have been used for years to produce brilliant video game graphics, and the prospects of their use for artificial intelligence applications -- from deep learning to self-driving cars -- fueled investor enthusiasm.
IMAGE SOURCE: NVIDIA.
Source Fool.com