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The excitement around artificial intelligence (AI) has returned to Wall Street after a struggle in the last four months. As capital pours back into AI-related stocks, Nvidia (NVDA) is once again the poster child of investor enthusiasm.
While NVDA stock is up just 5% year-to-date (YTD), it has climbed roughly 11% in the last month alone. There is no doubt whether Nvidia is still the king of the semiconductor industry. But after its massive rally of 1,294% over the past five years, the question is whether the stock still has room to reward new investors. Should you buy Nvidia stock now?