Nasdaq Correction: 5 Reasons Nvidia Stock Is Still a Top Artificial Intelligence (AI) Stock to Buy Right Now
Artificial intelligence (AI) stocks have sold off heavily over the past few weeks, with Nvidia (NASDAQ: NVDA) being one of the hardest-hit stocks, down around 30% from its all-time high. However, I don't think this sell-off is a sign of things to come; instead, it's a buying opportunity for investors with a long-term view.I've come up with five reasons why Nvidia will be all right, although there are likely more because this giant is at the center of everything AI.Nvidia makes graphics processing units (GPUs) that power AI training and inference. Because GPUs can compute in parallel, they dramatically increase the number of tasks they can do simultaneously, which is incredibly useful for arduous tasks like AI. GPUs can be connected in clusters to amplify this effect, which is why they have become the tool of choice for anyone working in the AI field.Continue reading
Artificial intelligence (AI) stocks have sold off heavily over the past few weeks, with Nvidia (NASDAQ: NVDA) being one of the hardest-hit stocks, down around 30% from its all-time high. However, I don't think this sell-off is a sign of things to come; instead, it's a buying opportunity for investors with a long-term view.
I've come up with five reasons why Nvidia will be all right, although there are likely more because this giant is at the center of everything AI.
Nvidia makes graphics processing units (GPUs) that power AI training and inference. Because GPUs can compute in parallel, they dramatically increase the number of tasks they can do simultaneously, which is incredibly useful for arduous tasks like AI. GPUs can be connected in clusters to amplify this effect, which is why they have become the tool of choice for anyone working in the AI field.
