Shares of graphics chip maker NVIDIA Corp. (NVDA) are down nearly 20% this month as shares hover not far from their 52-week low. This makes the world’s leader in visual computing technologies a great buy compared to industry competitors like Intel (INTC) and Advanced Micro Devices (AMD). NVDA operates in four segments: Graphic Processing Unit, Media and Communications Processor, Professional Solutions Business, and the Consumer Products Business.

Of course NVDA’s products that support the video game industry garner the lion’s share of attention, and deservedly so. NVIDIA’s graphics processors are an integral part of gaming platforms, and analysts expect gaming to be a strong market for years to come. In fact, video games are so hot that it seems more kids (and quite a few adults) would rather play them, than go outside and play with a ball and bat!

That’s a good thing if you’re a shareholder.

A Win-Win Stock

But NVIDIA’s isn’t just for gamers. The company has made incredible advances in areas of high-performance computing for the likes of the National Center of Atmospheric Research, investment banks for financial modeling, and oil and gas companies for seismic imaging. Looking forward, these industries can only benefit from NVDA’s revolutionary GPU platform. I also expect handheld personal media players, PDAs, cellular phones and other hand held communication devices are other areas of growth for the company.

NVDA is on financially sound ground, with $1.6 billion in cash and no debt on the balance sheet. I think that for those with a long-term time horizon, the current price represents a good entry point.

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