Nvidia Quietly Boosted Its Stake in This AI Stock That's Climbed 120% in 5 Months. Should You Follow?

You may not think of Nvidia (NASDAQ: NVDA) from an investor's point of view. After all, it's not a financial services company or an individual. It's a chip designer focused on artificial intelligence (AI) products and services. This business has helped the company grow earnings in the double and triple digits to record levels in the billions of dollars.So Nvidia has shown that it can be a powerful tech player... but it's also demonstrated that it can wear an investing hat. The company owns more than $4 billion in shares of six companies that each are involved in technology, and in the latest reporting period, Nvidia boosted its stake in one of these players. In fact, this particular company now makes up most of Nvidia's portfolio -- so it's fair to say Nvidia is optimistic about that company's future.Let's check out the details and find out if this Nvidia favorite, a stock that's climbed 120% in the past five months, may be a good investment for you.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool