Nvidia’s stock has soared over 1,400% in the last three years, benefiting from the AI boom. The company is a leader in AI hardware, with data center expansion expected to boost its financial performance. Nvidia’s revenue from data centers was up 56% year over year, showing strong growth potential in the AI infrastructure market.

CEO Jensen Huang stated that Nvidia is securing a $35 billion revenue share from every $50-60 billion AI data center, highlighting its dominant position in the industry. The company’s data center revenue reached $41.1 billion in the latest fiscal quarter, accounting for 88% of total revenue. This growth trajectory positions Nvidia as a key player in the AI hardware market.

Investors considering Nvidia should note its premium valuation and potential for market corrections. Dollar-cost averaging could be a strategy to navigate volatility. The Motley Fool’s Stock Advisor team identified Nvidia as a top performer, but investors should also explore other growth opportunities to diversify their portfolios. Consider joining Stock Advisor for access to their top stock picks and market insights.

Read more at Nasdaq: Think You Missed the Boat on Nvidia? Here’s the No. 1 Reason It Could Keep Climbing.