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Could NVIDIA Be a Millionaire Maker Stock?

DATE POSTED:November 17, 2019

NVIDIA (NASDAQ: NVDA) designs and manufactures advanced computer graphics processors, chipsets, and multimedia software. Its Tegra processor integrates an entire computer onto a single chip for supercomputing in autonomous cars, drones, and robots as, well as for gaming consoles and mobile gaming. Further, its data center products continue to grow for the company.

The stock has been on a roller coaster this year. The trade war spooked investors several times and growth in artificial intelligence (AI) and machine-learning were responsible for spikes in the stock price on other occasions.

The trade dispute with China has buffeted American technology companies and caused investors to run for the exits. But adaptation is the name of the game, and the best U.S. tech businesses -- like NVIDIA -- are doing just that. And so for NVIDIA, an explosive new growth phase may be just beginning.

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