There are no two ways about it: Nvidia (NASDAQ: NVDA) stock has been an unqualified success for long-term shareholders. The stock has gained more than 10,730% over the past decade, and that's not all. Shares are up 193% so far this year (as of this writing), more than 15 times the return of the S&P 500, adding to its sterling run. 

There have been multiple catalysts that helped propel the stock higher. Nvidia's graphics processing units (GPUs) are the gold standard for gamers, and the continuing adoption of cloud computing and the need to speed information to and from data centers also requires its state-of-the-art processors. Then, there are recent advances in artificial intelligence (AI), which is behind the stock's more recent gains.

What does all this mean for investors who sat out Nvidia's blistering rally? Should they buy the stock now in anticipation of future gains or simply look for greener pastures on account of the company's nosebleed valuation? Let's dig into the data to see what we find.

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Source Fool.com