Is NVIDIA Corporation (NVDA) One of the Best Stocks to Buy Now for Long Term Growth?

NVIDIA Corporation (NASDAQ:NVDA) is one of the best stocks to buy now for long term growth. Reuters reported on May 26 that, according to a report by Bloomberg News citing people familiar with the matter, Taiwan prosecutors suspect that three individuals managed to smuggle at least one shipment of NVIDIA Corporation (NASDAQ:NVDA) chips to China before first exporting them to Japan. However, the report could not be immediately verified by Reuters.

Analyst Explains How NVIDIA (NVDA) Can Reach $8 Trillion Market Cap

For reference, NVIDIA Corporation (NASDAQ:NVDA) released financial results for fiscal Q1 2027 on May 20, reporting record revenue of $81.6 billion for the quarter, up 20% from the previous quarter and up 85% from a year ago. GAAP and non-GAAP gross margins were 74.9% and 75.0% for the quarter, respectively, while GAAP and non-GAAP earnings per diluted share were $2.39 and $1.87, respectively.

The company’s Board of Directors also approved an additional $80.0 billion to its share repurchase authorization on May 18, 2026, without expiration. NVIDIA Corporation (NASDAQ:NVDA) is also increasing its quarterly cash dividend from $0.01 per share to $0.25 per share of common stock, payable on June 26, 2026, to all shareholders of record on June 4, 2026. 

NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.