Up More Than 70%, Is Nvidia Stock a Buy Right Now?
Many investors consider Nvidia (NASDAQ: NVDA) the ultimate artificial intelligence (AI) stock for two solid reasons: The company dominates the AI chip market and has turned this leadership into explosive revenue growth. As a result, Nvidia stock has soared in recent years. Just in 2024, it's climbed more than 70%.
Even though all of this sounds fantastic, it's reasonable to hesitate for a moment before hitting the buy button right now. It's important to consider the long-term picture and determine whether Nvidia can maintain its massive lead -- and continue translating this into earnings growth.
After all, rival chip companies such as Advanced Micro Devices and Intel are releasing better and better chips and could gain ground in the market. Is Nvidia still a buy?
Source Fool.com
