Is Nvidia Still a Millionaire-Maker Stock?
With shares up 29,000% since 2014, Nvidia (NASDAQ: NVDA) is the quintessential millionaire-maker stock. People who were lucky to get in early could have turned modest investments into fortunes.
That said, past performance doesn't necessarily guarantee future results. Let's try to read the tea leaves to see if this iconic chipmaker is still a buy.
While generative artificial intelligence (AI) has been Nvidia's latest big break, the opportunity was virtually nonexistent before late 2022, when OpenAI's ChatGPT burst onto the scene. Before that, the company experienced a series of boom-and-bust cycles as its advanced graphics processing units (GPUs) were adapted to various bubble industries.
Source Fool.com
