Nvidia (NASDAQ: NVDA) has seen a 1,400% increase in its stock over the past five years, driven by its leadership in the artificial intelligence (AI) market. The company designs AI chips (GPUs) crucial for AI tasks, leading to a surge in revenue and stock demand. With excellent leadership from founder Jensen Huang, Nvidia has achieved record revenue levels and high profitability. The company’s focus on innovation, presence across the AI spectrum, solid moat, and adaptability in challenges make it a strong investment. Despite recent challenges, Nvidia’s resources, smart investment decisions, and reasonable stock price make it a top AI stock to consider now.
Read more at NASDAQ.: 10 Reasons to Buy and Hold This AI Stock Forever