Nasdaq Bear Market: Could Buying Nvidia Today Set You Up for Life?

With the Nasdaq Composite in bear market territory, many stocks look like absolute bargains compared to their previous values. One of those stocks is Nvidia (NASDAQ: NVDA), which has been practically the No. 1 stock to own in the market since 2023.With the stock down around 35% from its all-time high, many investors are likely wondering if buying Nvidia today could be the deal of a lifetime and give them fantastic returns and help set them up for life. Is this true? Or is Nvidia a value trap here?Nvidia has been the top stock in the market due to its integral role in the AI race. Nvidia makes graphics processing units (GPUs), the computing muscle behind many of the AI models we see today. GPUs can perform multiple calculations simultaneously, which is further amplified when hundreds or thousands of GPUs are connected in clusters. This gives users access to jaw-dropping computing ability, which is needed to train cutting-edge generative AI models.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool