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Missed Out on Nvidia? 1 Artificial Intelligence (AI) Growth Stock to Buy Now and Hold for a Decade or Longer

TheMotleyFool 
0 0 17.02.24
Missed Out on Nvidia? 1 Artificial Intelligence (AI) Growth Stock to Buy Now and Hold for a Decade or Longer: https://g.foolcdn.com/editorial/images/765453/individual-investor-looking-at-stock-charts-getty.jpg
 

Semiconductor stocks have been on fire ever since ChatGPT was launched in late 2022. Since then, a slew of new generative artificial intelligence (AI) applications have made cutting-edge graphics processing units that can handle accelerated applications a hot commodity. As Nvidia (NASDAQ: NVDA) is the leader in that subset of the chip market, its sales and stock price have been rocketing higher.

After watching Nvidia's share price rise by 222% during the 12-month period that ended Wednesday, some investors are justifiably nervous that the stock has gotten too far ahead of itself.

Nvidia will report its fiscal fourth-quarter results on Feb 21. During its fiscal third quarter, which ended Oct. 29, total revenue surged 206% year over year.

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Source Fool.com

Nordic Semiconductor Stock

€11.30
1.300%
Nordic Semiconductor gained 1.300% today.

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