This Artificial Intelligence (AI) Stock Just Hit a New High -- and It's Still a Buy

Artificial intelligence (AI) is widely recognized as a game-changing technology, and the number of potential applications grows with each passing day. While it might seem like these advanced algorithms are everywhere, the truth is that it's still early days for the adoption of AI, which some experts contend currently stands at less than 1%. This suggests the proliferation of AI is far from over, and the opportunity ahead remains vast.Arguably, one of the biggest beneficiaries of the advent of AI has been Nvidia (NASDAQ: NVDA). The company invented the graphics processing units (GPUs) that facilitate this groundbreaking technology, and its chips are the top choice for AI processing. The impact has been undeniable, as the stock has gained 950% over the past three years (as of this writing), hitting a new all-time high midday on Friday.Let's take a step back and look at the opportunity, what Nvidia brings to the table, and why the stock is still a buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool