With the Markets At All-Time Highs, Is It Too Late to Buy Nvidia Stock?

Although it's only been a few weeks into the new year, 2024 has gotten off to a hot start. Optimistic sentiment surrounding the macroeconomy, coupled with surging demand in areas such as artificial intelligence (AI), has helped push the market to new highs.

In particular, the "Magnificent Seven" stocks have all played a role in pushing the S 500 higher during the past year. As the index continues to climb, one stock in particular seems to be moving in tandem.

Semiconductor manufacturer Nvidia (NASDAQ: NVDA) is already up more than 20% year to date. With both Nvidia stock and the S 500 hovering around all-time highs, investors may be wondering if it's too late to get in on the action.

Source Fool.com