Everyone Is Talking About This Stock. Is It a Good Long-Term Option?
Nvidia (NASDAQ: NVDA) is one of the market's most talked-about stocks. The chipmaker's shares soared 1,220% over the past five years as it evolved from a maker of gaming graphics processing units (GPUs) into the gatekeeper of the booming artificial intelligence (AI) market.
Nvidia achieved that evolution by developing high-end GPUs for accelerating AI tasks at data centers. Unlike central processing units (CPUs), which process one piece of data at a time, GPUs can process a broad range of data points simultaneously. That's why the top generative AI platforms -- including OpenAI's ChatGPT and DALL-E -- are currently powered by Nvidia's GPUs.
Nvidia CEO Jensen Huang. Image source: Nvidia.
Source Fool.com
