Is Nvidia the Greatest Artificial Intelligence (AI) Stock?
Artificial intelligence (AI) has probably been the hottest investment theme on the planet over the past year. Companies involved in this high-growth area have seen their share prices climb in the triple digits and have fueled gains in the three major benchmarks -- the S&P 500, the Dow Jones Industrial Average, and the Nasdaq.Investors have piled into AI stocks because of the technology's potential to streamline processes and develop game-changing new products and services. Today's $200 billion AI market is forecast to reach more than $1 trillion by the end of the decade, offering significant growth opportunities for companies involved -- and investors who get in on these growth stories early.And one particular growth story that's attracted a lot of attention is Nvidia (NASDAQ: NVDA), a stock that's soared 1,900% over the past five years. The company has gone from primarily serving the video gaming market with its chips to dominating the AI chip market -- and revenue has exploded higher, climbing in the double or triple digits quarter after quarter. But is Nvidia really the greatest AI stock around? Let's find out.Continue reading
Artificial intelligence (AI) has probably been the hottest investment theme on the planet over the past year. Companies involved in this high-growth area have seen their share prices climb in the triple digits and have fueled gains in the three major benchmarks -- the S&P 500, the Dow Jones Industrial Average, and the Nasdaq.
Investors have piled into AI stocks because of the technology's potential to streamline processes and develop game-changing new products and services. Today's $200 billion AI market is forecast to reach more than $1 trillion by the end of the decade, offering significant growth opportunities for companies involved -- and investors who get in on these growth stories early.
And one particular growth story that's attracted a lot of attention is Nvidia (NASDAQ: NVDA), a stock that's soared 1,900% over the past five years. The company has gone from primarily serving the video gaming market with its chips to dominating the AI chip market -- and revenue has exploded higher, climbing in the double or triple digits quarter after quarter. But is Nvidia really the greatest AI stock around? Let's find out.
