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Nvidia (#NVDA) is a computer gaming company that's headquartered in Santa Clara, California. They're most famously known for their graphics processing units for gaming, but they're rapidly progressing into many markets!
Yesterday Nio (#NIO), the Chinese electric vehicle company announced a partnership with #nvidia to develop a new generation of automated driving electric vehicles. Nio #stock has soared over the past year gaining more than +1,500%, and Nvidia stock has also returned tremendous returns to investors of +117%.
Is Nvidia stock a buy after the announcement? Last year, 2020, was an explosive year for both the EV and semiconductor industries. Will 2021 follow suit?