Everyone Is Talking About This Stock. Is It a Good Long-Term Option?
Nvidia (NASDAQ: NVDA) pulled off an impressive recovery this year after its shares plunged over 50% in 2022 alongside macroeconomic headwinds. The company's stock skyrocketed 230% since Jan. 1 as it has become one of the biggest names in the budding artificial intelligence (AI) industry. Nvidia's years of dominance in graphics processing units (GPUs) positioned it to profit immensely from the rise in AI as the chips became crucial to developing AI models.
Nvidia shares are popular this year as investors rushed to back to capitalize on its lucrative position in AI. Despite the spike in its stock price, the company remains an attractive investment for those in it for the long haul. Nvidia has a promising outlook in multiple areas of tech and could have a lot to offer patient stockholders.
Here's why Nvidia remains a good long-term option despite its rapid growth this year.
Source Fool.com
