This Stock Beat Nvidia in the First Half. Can It Do It Again?
Nvidia (NASDAQ: NVDA) added to its winnings in the first half, gaining about 150% after already climbing 1,300% over the past five years. The company dominates the artificial intelligence (AI) chip market, holding an 80% share, and also sells a variety of related products and services to companies launching AI projects. This has resulted in growth, with earnings advancing in the triple digits quarter after quarter.
As great as this sounds, though, Nvidia isn't the best performer of the first half. Another stock actually soared past the chipmaker, skyrocketing 188%. This company also operates in the AI space and has seen earnings climb -- and this player actually benefits from growth of Nvidia and other chip designers.
Could this Nvidia- and market-beating stock offer investors a repeat performance in the second half? Let's find out.
Source Fool.com
