Is It Too Late to Buy Nvidia Stock?
Artificial intelligence (AI) is being touted as the next great technological revolution, with some analysts predicting it will add trillions of dollars in economic growth to the world over the coming decade.
In order for AI to take off, it's going to need a lot of computer processing power created by some specific types of processing chips to generate that artificial intelligence. It just so happens that semiconductor company Nvidia (NASDAQ: NVDA) has a large market share in these high-performance graphics processing chips. The market is well aware of that and it's a big part of why Nvidia's stock price exploded in 2023 with 190% gains so far this year.
If you're still looking to buy Nvidia stock at this point, it's essential to ask whether there's any upside left in the stock at this elevated price. Basically, is it too late to buy Nvidia?
Source Fool.com
