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Sneha Nahata

Why Nvidia Stock Is a Good Buy Now

Nvidia's (NVDA) stock performance this year may not look exceptional at first glance, but shares have outperformed the broader market. NVDA stock has gained 24% year-to-date (YTD), compared with a 12% YTD increase for the S&P 500 ($SPX).

Looking ahead, Nvidia is well-positioned to continue beating the broader market. Demand for its GPUs and CPUs powering artificial intelligence (AI) infrastructure remains solid, suggesting earnings will expand rapidly in the medium term. At the same time, Nvidia's valuation still looks compelling.

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Top stories on inkl right now

Social Security recipients to get 3.6% cost of living boost, an average of $75 per month

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The Independent UK

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As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

The Independent UK

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One subscription that gives you access to news from hundreds of sites

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Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

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