NVIDIA (NVDA) a Solid Buy as it Squashes Bubble Fears [Yahoo! Finance]
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Source: Yahoo! Finance
The pioneer in graphic processing units (GPUs) recorded the largest one-day gain in the history of Wall Street on Feb 22, banking on an artificial intelligence (AI) frenzy. NVIDIA's shares have skyrocketed 70.8% this year and have surpassed the Semiconductor – General industry's gain of 48.5%. So far this year, NVIDIA has outshined other magnificent seven stocks and is now the third-largest company in the United States, lagging only behind Microsoft Corporatio n MSFT and Apple Inc . AAPL. Image Source: Zacks Investment Research However, NVIDIA's stellar surge has made skeptics believe that the stock is in a bubble. After all, stretched valuations and any potential decrease in AI-linked demand for NVIDIA's chips may lead to a significant decline in the stock price. But NVIDIA isn't in a bubble! The company's share prices aren't gathering momentum based on speculation but due to strong fundamental factors. The unquenchable demand for AI models is here to stay since it is a major
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