2 Reasons to Buy Nvidia Stock Like There's No Tomorrow
Nvidia (NASDAQ: NVDA) delivered stunning growth over the last year. Graphics processing units (GPUs) are the hot commodity for powering artificial intelligence (AI) in data centers, and Nvidia has long dominated the GPU market.
The shift to AI is driving an increase in data center investment, which provides a tailwind for Nvidia. The company expects revenue to triple year over year in the first quarter to $24 billion, but looking at its long-term prospects, there are two important reasons this AI stock still has room to run.
Data center products are Nvidia's largest revenue source. This segment drove 83% of its $22 billion in revenue in the most recent quarter, so the investment in data center infrastructure is vital to Nvidia's growth.
Source Fool.com
