Over the last ten years, NVIDIA saw its shares deliver an incredible 4,900% return, turning a $10,000 investment into $500,000. NVIDIA Corporation has been one of the best performers in recent years, as the company saw its share price explode upwards due to a combination of fast growth, crypto mining tailwinds, a PC gaming boom that is great for NVIDIA's GPU segment, and the market's admiration for growth stocks: Data by YCharts 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. Dilok Klaisataporn/iStock via Getty Images Article Thesis

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