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Is Nvidia Stock a Buy Now?

TheMotleyFool

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Nvidia's (NASDAQ: NVDA) stunning stock rally is not showing any signs of slowing down. Shares of the graphics card specialist have shot up 78% in 2024 so far, and that's not surprising considering the terrific fiscal fourth-quarter 2024 report the company delivered in February.

The semiconductor bellwether's results crushed estimates and its guidance exceeded expectations, suggesting that its artificial intelligence (AI)-powered growth is here to stay. However, investors who haven't bought this stock yet, or are thinking of adding more Nvidia shares to their portfolio, may be wondering if it is a good idea to buy it following the stunning gains it has clocked in 2024.

Let's examine whether Nvidia stock is worth buying right now.

Source Fool.com

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