Should You Buy Nvidia Stock Before Nov. 20? Wall Street Has a Compelling Answer.

One of the most profound changes in the tech landscape over the past couple of years has been the advancements in the field of artificial intelligence (AI). There's a strong argument that the advent of AI early last year was one of the biggest sparks that set off the current bull market rally. ChatGPT heralded the advent of generative AI, and since its release in November 2022, the S&P 500 has jumped 46%, while the Nasdaq Composite has surged 67% (as of this writing).While there have been plenty of beneficiaries of these secular tailwinds, one of the most notable has been Nvidia (NASDAQ: NVDA). In a nutshell, the company's graphics processing units (GPUs), which were originally developed to craft lifelike images in video games, proved equally adept at powering AI models.The resulting run on Nvidia's chips fueled incredible financial results and sent the stock into the stratosphere. Since the beginning of last year, Nvidia stock is up more than 900% (as of market close on Thursday), turning the company into a stock market darling.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool