The Bull Market in Artificial Intelligence (AI) Is Just Getting Started: 3 Smart Reasons to Buy Nvidia Stock Right Now
Manuvir Das, head of enterprise computing at Nvidia (NASDAQ: NVDA), sees a staggering $600 billion market opportunity for artificial intelligence (AI) chips and software. Booming demand for the game-changing technology is turbocharging the chipmaker's sales and earnings growth.
Yet the bears claim that Nvidia's stock price has come too far, too fast. Therein lies your opportunity. These skeptics are overlooking that the AI revolution is just beginning -- and Nvidia likely has many years of exceptional growth still ahead. Thus, they're still undervaluing its shares.
Here are some more reasons why Nvidia is set to continue to reward investors who buy and hold its stock.
Source Fool.com
