1 Chip Stock to Buy and Hold for the Next Decade
Whether it's speculation over a company's advancements in artificial intelligence (AI) or a return to growth for formerly high-flying software stocks, odds are you've been jumping for joy so far this year if you're a technology investor. The tech-heavy Nasdaq Composite index is up over 30% year to date, and it could be heading even higher.
One stock in particular comes to my mind when I think of this strong rally: semiconductor and AI specialist Nvidia (NASDAQ: NVDA). In fact, it's so far ahead of the pack that it could be making history right before our eyes.
After Nvidia joined the trillion-dollar market cap club earlier this year, it was natural for some to believe the hype was more about the narrative of its AI roadmap and less about its underlying fundamentals. However, the company followed up its stellar fiscal Q1 earnings report with an even bigger blowout in Q2.
Source Fool.com
