Nvidia has been a leader in the AI chip market, generating billions in revenue and seeing its stock climb over 1,000% in the past three years. The company announced a blowout earnings report, with a 56% increase in revenue to over $46 billion and a 59% gain in net income to over $26 billion. Nvidia is also progressing with the development of its Rubin architecture, set to release next year, signaling potential growth in revenue and profit. Past earnings reports show that Nvidia stock tends to climb in the months following, making it a solid long-term investment option.

Read more at Nasdaq.: Should You Buy Nvidia After Its Blowout Earnings Report? Here’s What History Says.