Nvidia Corporation is an American multinational technology company based in Santa Clara, California and founded in 1993. It designs GPUs (an original invention by the company in 1999) for the gaming and professional markets, as well as system on a chip (SoC) units for the mobile computing and automotive market. Nvidia's innovation has been consistent; in May 2020, the company developed an open source ventilator in order to address the shortage resulting from the pandemic. In the area of artificial intelligence, Nvidia has been making progress with self-driving cars, entering into a partnership with with Daimler to equip the Mercedes-Benz fleet with self-driving technology by 2024- the company's automotive revenue has grown 22% over the past five years. In cloud-computing, Nvidia is developing a robust data center business that provides GPUs and other components to cloud-based data storage centers, that are used by major cloud providers such as Amazon Web Services.
Nvidia has long been a lucrative investment opportunity, and consistently rates high on Stock Scores. It has reported robust growth even amidst the 2020 market crash that lasted from late February till early April; despite a dip on 16th March 2020, NVIDIA's stocks rose drastically as a response to a greater demand for technology amidst the lockdown. Earnings per share for the quarter ended July 31 rose to 99 cents from 90 cents in the year-ago period, driven by a 50% jump in sales to $3.87 billion. (https://www.wsj.com/articles/nvidia-posts-record-sales-as-pandemic-sustains-demand-for-gaming-data-center-chips-11597871110?mod=business_lead_pos13).
NVIDIA's stocks dropped briefly in the final quarter of 2020, as on 17th November, shares traded as much as 7.8% lower. This breather during Q4 was likely due to an extending a sell-off that began Monday after news broke of strong results from a phase 3 COVID-19 vaccine trial, as businesses anticipate workers to return to offices instead of relying on work-from-home technologies- growth has recovered since the start of 2021, and Nvidia is curerntly a strong buy at 548.50 USD as sales are projected to soar. Over the next 52 weeks, Nvidia Corp has on average historically risen by 52.4% based on the past 21 years of stock performance. (https://financhill.com/stock-forecast/NVDA-stock-prediction).
NVIDIA's technologies are crucial in the modern world. GPUs have become the industry standard, and in 2020, for the first time ever, the value of the computer chip industry surpassed that of the oil industry. Every modern system runs on chips, from credit cards to personal computers, to space tourism, to genemic medicines .NVIDIA's innovation across diverse technologies and adaptability makes the company one of the best ones to invest in amidst an unpredictable market in the year following the pandemic.