After losing half its value last year, Nvidia (NASDAQ: NVDA) has been on fire so far in 2023, with shares up roughly 62%. While that's impressive in its own right, it pales in comparison to the stock's long-term performance. In fact, since its debut in 1999, Nvidia has gained nearly 2,900% -- even after the recent market plunge.

This leaves investors with a quandary. Given the stock's significant gains over the past two decades, potential investors might wonder if they've already missed their best chance to own Nvidia. Let's look at the available evidence to see if the stock is still a buy.

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Source Fool.com