Should You Forget Nvidia and Buy This Tech Stock Instead?

Chip designer Nvidia (NASDAQ: NVDA) is a hot topic. Its 147% total return in 52 weeks is among the 10 best performances on the S&P 500 (SNPINDEX: ^GSPC) index. The company benefits greatly from the artificial intelligence (AI) boom that started in late 2022. Leading AI experts rely on Nvidia's chips to train their systems.As a result, Nvidia sports a $3.6 trillion market value. It is the largest company in the world by some measures, and many investment pros still think it can keep climbing.The examples are both numerous and illustrious. A Motley Fool research report from the spring of 2024 found Nvidia in the top 10 holdings of many billionaires' hedge funds. Philippe Laffont's Coatue Management and Ken Griffin's Citadel fund held more Nvidia stock than anything else. Six months later, Ray Dalio's Bridgewater Associates and David Tepper's Appaloosa Management were buying more Nvidia stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool