If I can only buy 1 semiconductor stock, it would be $NVIDIA Corp(NVDA)$ . It is the leader of all semiconductor companies as its chips power EVs, cryptocurrencies, Cloud gaming, the new Metaverse and data centres!
Being a market leader Nvidia has strong track records of great earnings and exponential growth ahead.
Would I buy the Dip? Absolutely! Nvidia is the kind of stock that I would like to keep in my long term portfolio. It is a quality stock that has solid fundamentals. In the 4th quarter alone, Nvidia earnings rose 69% while sales climbed 53%.
Nvidia also have a great management team who are constantly innovating new products to power Nvidia 's explosive growth. Its latest product is the Grace CPU.
That is why $NVIDIA Corp(NVDA)$ is my all time favourite semiconductor stock hands down!
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