Should You Forget Nvidia and Buy This Tech Stock Instead?

Semiconductor designer Nvidia (NASDAQ: NVDA) has been crushing the stock market in recent years. As a leading hardware provider for the artificial intelligence (AI) boom, Nvidia's sales and profits are soaring. The stock rose 171% in 2024 and more than 720% since OpenAI released the Nvidia-powered ChatGPT system in 2021.Nvidia is the talk of the town and many investors expect its business to keep skyrocketing. But the enthusiasm has its limits. Some would say that Nvidia's soaring stock price already accounts for many years of high-octane growth. This market darling might be due for a price correction, or maybe it's just primed for lower price gains over the next couple of years.I'm not saying you should forget about Nvidia. Even if the stock is poised for a price correction, I'm still talking about a dominant technology leader in a thriving AI market. Holding the stock should work out in the long run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool