This Big Tech Stock Is Proving AI May Be More Than Hype -- Is Now the Time to Invest?
After losing almost half of its value in 2022, Nvidia (NASDAQ: NVDA) has rallied back in 2023 with an artificial intelligence (AI)-fueled vengeance. As of Aug. 29, Nvidia's stock is up over 235%. Other big tech companies have also rallied this year, but none compare to what Nvidia has done.
Many investors are wondering if Nvidia's run is a bubble waiting to burst or a sign that the company is a powerhouse destined for more gains ahead. My guess is the latter.
Nvidia has benefited from an overall change in market sentiment toward tech stocks, but it's also received an extra boost from investors banking on AI's potential. While Nvidia doesn't make consumer AI tools, it's a key player in forming the AI ecosystem.
Source Fool.com
