Nvidia (NASDAQ: NVDA) stock has soared in recent times, climbing more than 200% over the past year, thanks to the company's crucial role in the high-growth area of artificial intelligence (AI). The tech giant's graphics processing units (GPUs) have become the go-to chip for powering AI models.

Demand in the world of AI may be just getting started. The market, at a compound annual growth rate of 36%, could reach more than $1.3 trillion by 2030, according to a Markets and Markets report. This means there should be plenty of business ahead for Nvidia.

Still, considering the stock's enormous gain, you may be wondering if a lot of the good news is already priced in at today's level. Is it too late to get in on this AI giant?

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Source Fool.com