Nvidia’s stock has seen immense growth over the years, fueled by demand for its chips in blockchain technology and AI. The company is optimistic about future growth, citing ongoing demand from accelerated computing, powerful AI models, and agentic AI applications. Nvidia predicts AI infrastructure spending to reach $3-4 trillion by 2030.

Despite Nvidia’s promising outlook, many investors may already have significant exposure to the company through index funds and ETFs. Total stock market index funds typically hold 6-7% of assets in Nvidia, while tech-focused ETFs can have even higher concentrations. The Voyager Portfolio opts not to invest in Nvidia due to this existing exposure.

Before buying Nvidia stock, investors should consider other top-performing stocks identified by the Motley Fool Stock Advisor analyst team. Nvidia did not make the list of the top 10 stocks recommended for investment, which have historically yielded significant returns. Stock Advisor’s total average return is 906%, outperforming the S&P 500 by a wide margin.

Read more at Nasdaq: You Don’t Need to Buy Nvidia Stock. Here’s Why