NVIDIA Corporation (Nasdaq: NVDA)

NVIDIA Corporation (Nasdaq: NVDA) is one of the world’s most prominent semiconductor companies and is in great position to deliver gains for shareholders for years to come.

The company posted record Q2 revenue of $3.9 billion – an increase of 50% year-over-year – and a gain of 13% in net income.

A major driver of the surge in NVDA is the surge in popularity of video games during the Covid-19 pandemic.

With NVDA supplying technology for a number of popular gaming systems, this puts the company in prime position to continue taking advantage of this growth trend in the months ahead.

In fact, NVIDIA Corporation has grown its share of the lucrative video game graphic card market to more than 80% — leaving its main competitor, Advanced Micro Devices, far behind.

Additionally, many of the most successful hedge funds – including GQG Partners and Citadel Investment Group – continue to hold large positions in NVIDIA Corporation, which signals that some of the world’s smartest investors are still bullish on the company.