NVIDIA (NASDAQ:NVDA) launches the new GEFORCE RTX 3080 TI. Is this a game-changer for NVIDIA stock price?
Is NVIDIA A Good Buy in June 2021?
Here are a few reasons to buy NVIDIA stock. Firstly, this is a dividend-paying company. While it has not raised its dividend in the past two years, NVIDIA compensated for its dividend-growth stagnation with excellent stock price performance. NVDIA stock price is up 90.12% in the last twelve months and 28.52% year-to-date.
Secondly, the bottlenecks in the semiconductors industry are forecast to continue for some time yet. The COVID-19 pandemic triggered supply chain bottlenecks in many industries, but the crisis seems more acute in the semiconductors industry due to the high concentration in certain geographical areas. The new product launch under such adverse conditions bodes well for NVIDIA stock.
Finally, NVIDIA delivered 63.49% YoY revenue growth, almost eight times the sector median. Moreover, it has beaten the quarterly EPS estimates easily in the past, a trend expected to continue.
Where Can I Buy NVIDIA (NASDAQ:NVDA) Stock?
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What is NVIDIA?
NVIDIA is one of the leading companies in the semiconductors industry, operating two segments in the information technology sector – graphics and compute & networking. The recent semiconductor shortages gripped production and caused supply chain bottlenecks all over the world, leading to a surge in prices for chips, to the benefit of NVIDIA.
NVIDIA is headquartered in Santa Clara, California. Founded in 1993, it employs close to 20,000 people.