Nvidia should be a core holding for all AI investors.
Nvidia (NVDA +0.04%) is currently the largest publicly traded corporation in the world, with a market cap of roughly $4.5 trillion. If you’re dipping your toes into AI stocks, Nvidia should become a core holding for one reason.
Today’s Change
(0.04%) $0.07
Current Price
$188.15
Key Data Points
Market Cap
$4572B
Day’s Range
$178.91 – $188.32
52wk Range
$86.62 – $212.19
Volume
265M
Avg Vol
181M
Gross Margin
69.85%
Dividend Yield
0.00%
Nvidia is at the center of the AI revolution
Nvidia is a promising stock to own in its own right. The company is the largest supplier of GPUs to the artificial intelligence (AI) industry. Through early investment and the clever integration of software suites like CUDA, Nvidia’s products have become the foundation for nearly every AI application.
Investing $100 in Nvidia stock likely won’t make you rich overnight. But it does have one surprising benefit: This one investment will help you learn about the entire AI landscape, giving you a greater ability to spot under-the-radar AI stocks that have significantly more long-term upside.
Image source: The Motley Fool.
Nvidia sells its products to nearly every data center in the world. Developers crave Nvidia’s GPUs so much that, at one point, its new chip deliveries were backlogged by 12 months. By owning Nvidia stock, you’ll be monitoring its revenue sources, new customers, and potential deal flow. With a bit of money on the line, you’ll become incentivized to track new segments and opportunities within the AI industry that you never previously paid attention to. You may even be able to spot the next Nvidia.
Put simply, owning Nvidia stock puts you in the driver’s seat to get a better understanding of the rest of the AI industry. By following the company’s movements and earnings announcements, you’ll become a significantly better AI investor. All for just $100.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.