Founded in 1993, today Nvidia best known as the market-leading manufacturer of graphics processing units, or GPUs. With a commanding 81% market share, Nvidia's main clients are gaming companies. However, experts also see exciting opportunities for growth within the company's data centers business, as Nvidia's products become the top choice in the industry. Microsoft, Google, and Amazon all rely on Nvidia GPUs to move data -- as do a host of other top cloud operators.
Clearly, Nvidia is doing something right for investors. The stock is up an astounding 1,280% in the last 5 years, and has surged 240% since the start of 2020 alone. Reporting double-digit sales growth, the company is also making strategic acquisitions to expand their business abroad. Now is a great time to invest in this no-brainer tech stock, and profit from their success.