This Company Offers Investors a Win for Any Tech Trend

A number of high-profile technologies are being rapidly developed and will become mainstream in the next few years. That includes everything from the rise of cryptocurrencies, to the growing Metaverse, to other tech like self-driving cars.

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  • While each of those tech trends has specific companies, the infrastructure for those technologies will disproportionately will fall on a small number of firms.

    The absolute top player for these tech trends is graphics processing company Nvidia (NVDA). The company has already been a big winner, but shares have hit a bear market on the most recent market drop, and the recent attempt to buy chip designer Arm has fallen through.

    These short-term headwinds point to a solid entry point for investors today who don’t already own shares, which are still up 67 percent over the past year and stand to benefit from a number of trends such as cryptocurrency and the metaverse.

    Action to take: With revenue up 50 percent over the past year and sporting a 34 percent profit margin, it’s easy to see why the company is a solid long-term growth play now. Investors may like shares here, although the stock yields a paltry 0.06 percent.

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  • For traders, shares look poised to head higher in the coming months. The June $300 calls, last going for about $14, look like an attractive way to play the high-priced shares higher before expiration.


    Disclosure: The author of this article has a position in the company mentioned here, and may further trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.


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