Best Stocks to BUY NOW: Is this the Best Growth Stock of 2020?

Which stocks to buy now? Is this the best stock of 2020?
This growth stock is UP 154.66% in 2020 alone!
How high can it go? is it a “must buy stocks”? Lets find out!

NVIDIA Corporation, NASDAQ: NVDA

Nvidia is a computer chip manufacturer and a technology company.
The company makes some of the most recognized consumer graphics cards under GeForce branding.
The second-largest reportable segment for Nvidia Corporation is Tegra, which combines a GPU and a CPU into one chip. The product is designed to support online gaming, entertainment devices, drones, artificial intelligence, and—most importantly—self-driving cars.

Nvidia is, at the moment, my biggest position. It represents about 9.05% of my investment portfolio. As shown in the graphic above, my initial investment of 3066.90 USD has now turned into 4291.36 USD (~40%) in just 6 months. Nvidia is definitely a company that I intend to hold (maybe even buy more) for a very, very long time. Below, I’ll share with you some reasons why I think it might be worth a buy and why it’s one of the best stocks of 2020:

Nvidia will dominate AI

The AI market could potently expand at a compound annual growth rate of 42.2% between 2020 and 2027, according to Grand View Research.

The principal tasks of artificial intelligence (AI) are training and inference. NVIDIA has the world’s most powerful tool for AI training, DGX-2, uniting 16 GPUs to deliver 2 petaflops of training performance.

Lately, Huang announced that Microsoft has adopted Nvidia’s AI on Azure to power smart experiences on Microsoft Office.
Microsoft wasn’t the only “giant” to adopt its AIwith the addition of American Express, they are competing to prevent fraud and foil cyber-crime.

Nvidia announced a partnership with global health care company GlaxoSmithKline to apply AI in the drug and vaccine discovery process, which could mean a wider spread of capital influence.

Nvidia’s Finances & Growth

The company’s revenue has been growing year by year (with exception of 2020), potentially being a great buy for 2021 and for years to come.

NVIDIA expects that its revenue in the second quarter of 2021 will be around $3. 65 billion, with an increase in all the segments except for automotive.

The global gaming market was valued at USD 151. 55 billion in 2019 and is expected to reach a value of USD 256. 97 billion by 2025, registering a CAGR of 9, and 17% over the forecast period (2020 – 2025). All these factors will help Nvidia’s gaming revenue maintain its stock relevance.

With an annual revenue run rate nearing $12 billion, Nvidia retains a formidable lead over other AI-accelerator chip manufacturers.

Is NVIDIA Stock a buy?

Analysts claim that NVIDIA’s lead in software-led AI innovation is “years” ahead of any competitor, with the use of phrases like “the best is yet to come for NVIDIA in the segment”.

Nvidia has an EPS Rating of 99, the highest possible number. The EPS rating reflects a company’s health on fundamental earnings metrics.
The Mellanox acquisition expands Nvidia’s cloud and data center opportunity. New AI chips point to continued growth and a technological edge.

The firm’s share price buy target also saw an increase, running up to 625 USD /share in 2020.

Since Nvidia also pays a small dividend of 0.64 USD per/share, the company pays out 13.94% of its earnings as a dividend. This could mean that there’s potential to make your investment a long-haul success.

Nvidia is a super innovative company, and the next new technology might be just around the corner. With everything said, my conclusion & opinion:

I want to conclude by saying that, I see a huge potential in its stock to buy now, for at least the next decade and I think it will keep outperforming the market, so be on the lookout for upticks.

It’ll remain on my own list of “Stocks to buy”.


The future of tech here:
https://www.andrespassivejourney.com/google-stock-the-future-of-tech-revolutionary-ai/
or on youtube:
https://youtu.be/wh0cY2UmrVo

Best pharmaceutical to buy now:
https://www.andrespassivejourney.com/best-pharmaceutical-stock-to-buy-now-abbv-vs-jnj/
youtube:
https://youtu.be/87xDnwFsm7A