Should You Buy Nvidia Stock Before October 16?

Nvidia's (NASDAQ: NVDA) AI dominance has come into question over the past few weeks. OpenAI just announced a monster deal with Advanced Micro Devices (NASDAQ: AMD), making it seem as if AMD could be catching up to the king of AI investing to date. However, I don't think that's a valid argument, as AMD cut OpenAI an incredible deal that Nvidia likely wasn't willing to make.Nvidia is still the largest provider of artificial intelligence computing hardware by far, and I think we'll get some news on Oct. 16 regarding the strength of the demand for AI computing hardware. That's when Taiwan Semiconductor Manufacturing (NYSE: TSM) reports its quarterly earnings, and it will give investors a hint as to the strength of the demand for chips.This could cause all AI hardware-related stocks to respond positively if TSMC reports great results, making Nvidia an intriguing stock to buy before Oct. 16.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool