Why You Shouldn’t Wait to Buy NVIDIA Stock
Buying NVIDIA (NASDAQ: NVDA) now is a bet that the chipmaker will stop its yo-yo price swings and move up from its current price level rather than plunge yet again. Even at the current price, NVIDIA is looking oversold as investors punish it for going so heavily into cryptocurrency mining, with the stock losing around a third of its value since its record high last year.
But the rollercoaster cryptocurrency ride is hardly over as Facebook (NASDAQ: FB) and other producers open up a new phase with stablecoins -- cryptocurrencies that try to offer price stability and are backed by a reserve asset. Meanwhile, other graphics processing unit (GPU) uses in artificial intelligence (AI), autonomous driving, big data, and gaming still offer massive potential.
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Source Fool.com
