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Valued at $3.46 trillion, semiconductor giant Nvidia (NVDA) is not only riding the artificial intelligence (AI) wave, but also defining its direction. The company is rapidly expanding across nearly every AI frontier, including data centers, robotics, software ecosystems, gaming, cybersecurity, and sovereign infrastructure. However, recent geopolitical and regulatory headwinds have prompted some concern.
Despite strong gains last year, Nvidia stock is up only 7.4% year to date. Nonetheless, Wall Street predicts Nvidia’s stock will rise to $220 over the next 12 months. Let’s see if the stock is currently a buy.