

To some degree, the premium seems justified due to NVIDIA's strong growth outlook. We see that NVIDIA is currently trading at a steep premium compared to many of its peers, while also offering a dividend yield that is well below the average. For long-term oriented investors, NVIDIA could be a solid investment, although waiting for a correction to get a more favorable entry price could pay off. NVIDIA's shares are expensive, but on the other hand, the company is growing fast and has a lot of room for growth in the coming years. Other companies, such as Apple ( AAPL) and Tesla ( TSLA) have seen their shares do well following stock splits last year, but I still don't think it's a good idea to buy solely due to an announced stock split. NVIDIA Corporation ( NASDAQ: NVDA) announced a stock split that will go into effect on July 20.

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