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

You could be forgiven if you thought that Nvidia (NASDAQ: NVDA) was a young company. It's rare for the stock of a mature business to suddenly take off after it's been on the market for a few years. But Nvidia actually went public in 1999. It had been a solid gainer for many years before generative artificial intelligence (AI) set it off higher, but it was hardly a household name.Over the past two years, though, it's gained 374% as generative AI becomes part of regular parlance. Armchair analysts have been dissecting Nvidia's continued potential. Is the ride over? Is it still worth buying today? No, and yes, in that order. Here's why.There are varied estimates for how big the AI opportunity is going to be, but they have one thing in common: It's going to be BIG. McKinsey estimates the long-term opportunity at $4.4 trillion. According to a Harvard Business Review study in collaboration with Amazon Web Services (AWS), 81% of respondents say Generative AI is going to transform their industry, and 83% feel that if they don't use it, they're going to fall behind.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool