This story originally appeared on Zacks
NVIDIA Corporation NVDA stock has outperformed the Zacks Semiconductor – General industry and the S&P 500 in 2021. Shares of NVIDIA soared 125.3% last year compared with the Semiconductor – General industry and the S&P 500 index’s rally of 63.2% and 27.7%, respectively.
The stock’s price rally reflects the company’s robust fundamentals. Therefore, if you haven’t taken advantage of the share-price appreciation yet, it’s time you add the stock to your portfolio.
The company performed brilliantly last year and has the potential to sustain the momentum in 2022 as well.
What’s Driving NVDA Stock Higher?
NVIDIA has been benefiting from the coronavirus-induced work-from-home and learn-at-home wave. Strong growth in GeForce desktop and notebook Graphic Processing Units (“GPU”) has been boosting its gaming revenues. A surge in the Hyperscale demand remains a…