3 Good Reasons to Buy and Hold Nvidia Stock

Nvidia (NASDAQ: NVDA) excels at identifying technological trends -- and then building the chips that power them. From video games to cloud computing, cryptocurrency to the metaverse, robotics to autonomous vehicles, the semiconductor leader has played a leading role in fueling the expansion of multiple industries while delivering staggering returns to its shareholders along the way.

Today, another megatrend is just getting started -- one that could be larger and more lucrative for Nvidia than any before it. Artificial intelligence (AI) is beginning to reshape huge swaths of the global economy, and Nvidia's chips are helping to make the game-changing technology a reality for businesses across the world.

Here are three more reasons the chip giant's stock is still a great buy today.

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Source Fool.com