Despite Recent News, Analysts Still Say Artificial Intelligence Stock Nvidia Is a Buy. Here's Why.

Nvidia (NASDAQ: NVDA) has been one of the best performing stocks over the past few years, a run that catapulted it into the world's most valuable company. But over the last month or two, it slipped to second place and then -- briefly -- to third, behind two other big tech companies, Apple and Microsoft.But don't give up on Nvidia just yet, which rebounded to the No. 2 spot with a market cap of $3.41 trillion. Many Wall Street analysts think the best is yet to come for this crucial supplier of chips to power artificial intelligence (AI). Here's what they think about the company's most recent quarterly results.The stock has pulled back in recent weeks, but smart investors should recognize this as just noise. Looking back at the company's most recent quarterly results, announced on Dec. 6, pretty much everything is going right for Nvidia now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool