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Best Stocks to Buy: Nvidia (NVDA)
Nvidia Corporation (NASDAQ:NVDA) is one of the biggest beneficiaries of the next leg in the Digital Age.
The stock is up 100% in the past year and more than 1,500% in the past 5 years. And every year there are people who say that the growth for NVDA is overrated and it can’t continue to grow at the pace it’s growing.
The fact is, NVDA has heard stories of its demise, even when it was producing high-end graphics processing units (GPUs), usually for hardcore gamers and scientists.
But all that has changed now. And with the advent of cloud computing, the huge demand for mobile computing, the growth of the Internet of Things (IoT) and new virtual and augmented reality technologies, NVDA is at the center of it all.
Even after all this massive growth, it still only sports a P/E of 48.
Source: Investor Place