Nvidia has become the world’s most valuable company. Is it too late to buy the stock?
The past few years have been undeniably profitable. Nivea (NASDAQ: NVDA ) Investors. Its share price has risen more than sevenfold in the past two years, and today it ranks first in the world by market value. Market value. The stock was up as much as 4.7% Wednesday morning. At 12:32 pm ET, the stock was still up 4.1 percent.
The advent of artificial intelligence (AI) has fueled Nvidia’s steady growth, and a new US government initiative shows there’s a long runway for growth ahead.
Among the many announcements made by the Trump administration yesterday was the launch of Stargate, and US President Trump announced a project designed to boost AI infrastructure. OracleOpenAI and SoftBank Up to 500 billion dollars in the next four years. The project focuses on increasing the number of US data centers and the energy needed to power them.
The group has several “key early technology partners” — and beneficiaries of the event — including Nvidia; MicrosoftAnd Arm Holdings.
Navia pioneered the graphics processing units (GPUs) that underpin most AI systems. Furthermore, these advanced chips are a staple in data centers that house these AI models. Nvidia dominates the data center GPU space with 98% market share in both 2022 and 2023. While 2024 figures are yet to be released, Nvidia is expected to remain the undisputed leader.
Now that it is the most valuable company in the world, some investors may believe that it is time to buy Nvidia, but these developments show that this is not the case. Plus, the stock is trading at just 32 times next year’s expected sales, an incredibly attractive valuation for a company with so much potential.
That’s why Nvidia stock is still a buy.
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