The pandemic helped accelerate the move to the digital world, with NVDA as a prime beneficiary. It recently changed hands around $235 per share, representing a 300% gain in just over two years. NVDA started 2020 trading at around $59 per share. That might not be so easy, even for a company with such strong execution. Can the stock keep up the strong price performance, or will it soon run out of steam? At current prices, the stock appears to be pricing in material beats to consensus estimates, especially considering where the rest of tech trades. The company generated impressive growth in 2021 and has guided for strong growth to continue in the next quarter. At least, that is what seems to explain the stock’s meteoric rise in only two years time and the rich multiple that it currently trades at. NVIDIA ( NASDAQ: NVDA) has transformed itself from what used to be a cyclical stock to a secular growth story. Antonio Bordunovi/iStock Editorial via Getty Images
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