Is Nvidia Stock a Buy Now?

To say that Nvidia (NASDAQ: NVDA) has been a darling for the investment community would be putting it very mildly. This business crushed it for investors, as shares have climbed an unbelievable 2,447% in the past five years, propelled lately by a monster 171% gain just in 2024. This top artificial intelligence (AI) stock trades close to its all-time high, as of this writing. After such an incredible run, should you still consider buying Nvidia right now?Nvidia sells graphics processing units (GPUs) that provide computing power for various uses. More than two decades ago, the main function was to support PC gaming. But what has put the business on the map in recent years has been its GPUs that enable training AI models in massive data centers, now representing the bulk of the chipmaker's sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool