3 Reasons Nvidia Stock Is a Forever Buy and Hold

Artificial intelligence (AI) has unleashed a technological revolution, and one company sits at its very core. Nvidia (NASDAQ: NVDA) powers nearly every major AI breakthrough, from autonomous vehicles to drug discovery to advanced robotics. The company's technological dominance in this revolutionary field has driven its stock price up an astounding 2,127% over the past five years.At first glance, Nvidia's valuation might cause investors to pause. The company's shares trade at an eye-catching 31.7 times forward earnings, well above the S&P 500's 23.5 multiple, which also happens to be on the high side, historically speaking. Yet this premium reflects something extraordinary: Nvidia's commanding position in computing's next great transformation. As we enter the age of intelligent machines, here are three compelling reasons why Nvidia deserves a permanent place in long-term portfolios.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool