Nvidia (NASDAQ: NVDA) epitomizes the promise of AI. Shares of the chipmaker have skyrocketed more than 170% so far this year. Why? AI is driving huge demand for the company's graphics processing units (GPUs).

Many investors are wondering whether or not it's too late to jump on the Nvidia bandwagon. The most famous investor of all, Warren Buffett, almost certainly isn't one of them. Here's why Buffett wouldn't touch Nvidia stock with a 10-foot pole.

We can cross a couple of reasons off the list as to why Buffett would avoid Nvidia. For one thing, it's not because the legendary investor prefers to stay away from tech stocks.

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Source Fool.com