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3 Reasons to Buy Nvidia Stock in 2024

TheMotleyFool

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Shares of Nvidia (NASDAQ: NVDA) are up about 230% year over year after a seemingly unstoppable bull run. The company's business exploded last year as its chips became the preferred hardware for artificial intelligence (AI) developers everywhere.

And the company isn't done yet.

Nvidia's stock has risen more than 15% since the start of 2024, suggesting it still has much to offer investors in the new year. The company's dominance in AI is unmatched, and is unlikely to dissipate anytime soon. Meanwhile, improvements in the PC market could offer gradual boosts to revenue over the next 12 months.

Source Fool.com

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