Nvidia Corporation (NVDA) stock is on a tear, reaching new all-time highs (ATHs) as demand for its artificial intelligence (AI) accelerators continues to accelerate. The company's flagship GPUs are the gold standard for AI training and inference, and its products are being used by leading companies in a wide range of industries, including cloud computing, data center, and automotive.
Nvidia's recent earnings report was a blowout, with the company reporting revenue that beat analyst expectations by a wide margin. The company also raised its guidance for the full year, citing strong demand for its products.
With AI adoption still in its early stages, Nvidia is well-positioned for continued growth in the years to come. The company's strong fundamentals, its dominant market position, and its expanding product portfolio make it a compelling investment for long-term investors.
Not an investment advice do your own DD.