Nvidia Stock Up 227% YTD. More Upside is Likely

Nvidia $NVIDIA (NVDA.US)$ is a leader in the semiconductor industry. Its high-end graphics processing units (GPUs) are wildly popular, fueling its revenue to staggering levels.

The company has since then expanded into high-growth markets such as automotive, data centers, AI, and more. Its stock has seen remarkable gains of 227% year-to-date, overtaking the S&P 500’s (SPX) 13% gain. The strong demand for its GPU chips and its ability to evolve in this complex niche is why I am bullish on NVDA stock now. Analysts are bullish as well. $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$