Is Nvidia Stock a Buy Now?
With its stock up nearly 190% year to date and up nearly 2,830% in the past five years, investors may be wondering if Nvidia (NASDAQ: NVDA) is still a buy right now after these huge gains. The gains have powered it to become the second-largest company in the world by market cap.
Nvidia has clearly been riding the artificial intelligence (AI) wave, but here are four reasons the stock still looks like a buy today even after its strong performance.
The biggest bull case for Nvidia is that despite the insane demand the company has been seeing for its graphics processing units (GPUs) to help create AI infrastructure, it appears the AI buildout is still in the early innings of what is expected to be a long game. Major tech companies and well-funded AI start-ups, such as OpenAI and Elon Musk's xAI, have been pouring money into building AI-focused data centers to help train large language models (LLMs) and run AI inference.
Source Fool.com
