Is Nvidia Stock a Buy Now?
Perhaps no stock has become more popular in recent months than Nvidia (NASDAQ: NVDA). The graphics-processing-unit (GPU) maker has become the world's largest semiconductor stock by market cap as demand for artificial intelligence (AI) chips explodes.
Nonetheless, no stock rises continuously, and investors should consider whether that growth can continue. Hence, investors should look at the company's upcoming product releases and financials and determine whether the stock remains a buy at current levels.
Undoubtedly, the demand for AI chips has redefined Nvidia. As recently as three years ago, gaming was the company's largest source of revenue. However, demand for its data center chips surged higher as more workloads moved to the cloud.
Source Fool.com
