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Nvidia (NASDAQ: NVDA) has been one of the top investment stories this year and last. Since the start of 2023, the stock has risen over 440%. Nvidia’s sheer size makes this rise even more impressive, as it is now the third-largest U.S. company behind Microsoft and Apple.
Because of this unbelievable rise, many investors (including myself) have missed out on some or all of this rise. But that doesn’t mean you can’t buy now. But should you? Let’s find out.
Nvidia is at the core of the artificial intelligence (AI) revolution. The computing power required to create advanced AI models is immense, and Nvidia’s GPUs are the best in the world at performing this task. GPUs (graphics processing units) were created to process the calculations needed for gaming graphics, but their ability to efficiently process other workloads, like engineering simulations, drug discovery, and mining cryptocurrency, made their usage more widespread.