Will 2016 Be NVIDIA Corporation’s Best Year Yet?
NVIDIA Shield TV. Source: NVIDIA2015 was a great year for NVIDIA (NASDAQ:NVDA) investors. Shares of the chip giant surged nearly 64%, strongly outperforming the broader S&P 500, as rising demand for the company’s graphics cards defied the broader trends in the PC market. NVDA data by YCharts That sort of performance may be hard for NVIDIA to top in 2016. Still, there are reasons to be optimistic. On the company’s earnings call in November, CEO Jen-Hsun Huang laid out the factors that would drive NVIDIA’s business going forward: “We have multiple growth drivers in the company. PC gaming is a growth driver. Artificial intelligence is a growth driver. [Virtual reality] is a growth driver. Autonomous cars is a growth driver.” Let’s break those down individually and see how they could…
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