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Nvidia Corp. (NVDA) - Get NVIDIA Corporation Report is on track for a triple-digit year in 2017 -- and that makes it a "buy the dips stock" this fall.

Nvidia is getting attention Friday after the launch of its GeForce GTX 1070 Ti, a $449 video card that could deliver some bargain-priced performance to the medium-to-high end of the graphics card market. Demand for graphics cards continues to be extremely high, thanks to novel uses of GPUs such as cryptocurrency mining and machine learning training.

It's not just gamers buying heavy-duty graphics anymore.

And because this is likely just the start of the trend (thanks to skyrocketing cryptocurrency prices and a massive push toward AI in consumer tech), Nvidia has substantial clear runway ahead of it. The launch of the GTX 1070 Ti is just the latest piece of the puzzle.

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So far this year, Nvidia has charged 85.5% higher on a total returns basis, outperforming just about every other large-cap stock in the process. That puts shares on track to book total returns of 110% for the full 2017 calendar year -- and the price action shows that Nvidia's price trajectory is just as strong as ever this fall.

To figure out how to trade it, we're turning to the chart for a technical look:

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It doesn't take an expert trader to figure out what's going on with Nvidia's price action right now -- this chart has been plowing its way up and to the right in the long term. And now, after correcting back in the first half of the calendar year, shares are holding onto an extremely well-defined uptrend in the short term, too.

That positive trend on multiple time frames makes now an attractive time to buy Nvidia, despite the fact that shares are sitting right around all-time highs.

Simply put, buy the dips.

Relative strength, the indicator down at the bottom of Nvidia's chart, adds some extra confidence to the upside opportunity in this stock. Relative strength continues to hold onto its uptrend from May's short-term trend reversal in price, signaling that this stock is still outperforming the rest of the broad market at this point. As long as that relative strength line remains in an uptrend, Nvidia remains predisposed to keep on outperforming in the final stretch of 2017.

Risk management is still crucial for anyone thinking about piling into an NVDA position right now. Long term, the 200-day moving average is the line that NVDA can't cross without violating its upward trajectory. That makes it a logical place to park a protective stop.

Nvidia is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio.Want to be alerted before Cramer buys or sells NVDA? Learn more now.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.