Think It's Too Late to Buy Nvidia Stock? Here's the Biggest Reason Why There's Still Time.

Nvidia (NASDAQ: NVDA) is the most important hardware company in the artificial intelligence (AI) revolution today. Its high-end graphics processing units (GPUs) provide performance advantages that no other player in the space comes close to matching.Thanks to incredible demand for its processors, Nvidia stock has been posting absolutely stellar performance. As of this writing, the company's stock price is up roughly 141% over the last year of trading. With a market capitalization of roughly $3.3 trillion, the chipmaker stands as the world's second-largest company -- trailing only Apple.Nvidia is now valued at roughly 45 times this year's expected earnings and 25 times expected sales. But while the company trades at growth-dependent multiples and has historically been subject to cyclical pressures, there are several indicators that suggest the stock still has the potential to deliver big long-term upside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool