Nvidia Stock: Buy at the High?
Nvidia (NASDAQ: NVDA) is one of the S&P 500 index's top performers so far this year, heading for a gain of nearly 180%. The stock even reached its highest ever in recent days. This isn't surprising considering Nvidia's dominant position in the high-growth artificial intelligence (AI) chip market. Nvidia's graphics processing units (GPUs) are the fastest around, and customers have flocked to the company for these chips as well as a broad variety of other AI products and services.
All of this has equaled mind-boggling earnings growth for Nvidia. The company has reported quarter after quarter of triple-digit revenue and profit gains. And it looks as if this is set to continue, considering a key product launch on the horizon and outsize demand for that and other Nvidia products.
Does this earnings momentum and future potential mean you should buy Nvidia at the high -- or is it time to approach this top AI player with caution? Let's find out.
Source Fool.com
