Should You Buy Nvidia Stock After It Notched 200% Gains in 2024? Wall Street Is Providing a Nearly Unanimous Answer.

Another week, another new all-time high for Nvidia (NASDAQ: NVDA). The stock climbed to record-setting territory again on Thursday after setting a new watermark on Wednesday. Over the past couple of years, the stock has regularly hit new heights, fueled by the roaring adoption of artificial intelligence (AI). In 2024 alone, Nvidia is up 200% (as of this writing) and appears poised to vault higher.After a rally of that magnitude, some investors are understandably wary, concerned about the potential for a slowdown in the adoption of AI and Nvidia's lofty valuation. Let's take a look at the general state of AI, Nvidia's place in the vast scheme of things, and what Wall Street is saying about the company's potential.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool