Think It's Too Late to Buy Nvidia? Here's the Biggest Reason There's Still Time.

Shares of Nvidia (NASDAQ: NVDA) are up 170% in 2024 (at the time of this writing). The monster year comes on the heels of an even bigger 2023 that saw the stock rocket up nearly 240%. All told, shares of the artificial intelligence (AI) juggernaut are up more than 900% since its low in late 2022. Given this incredible performance, is it too late to buy?Far from it. There are all kinds of reasons I could give for why Nvidia will continue to beat the market, but for my money, the biggest reason is simple: Demand remains incredibly strong for its chips.I would be concerned if there were signs that demand for the company's graphics processing units was softening, but there really isn't. Demand for its current Hopper chips is still robust; the company expects sales to continue well into the next year even as it prepares to launch Hopper's successor, Blackwell.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool