Think It's Too Late to Buy Nvidia? Here's the Biggest Reason Why There's Still Time.

With the artificial intelligence (AI) boom in full force, it's safe to say that no company has benefited more than Nvidia (NASDAQ: NVDA). Since the start of 2023, the stock is up over 1,100% -- over 16 times the S&P 500's (SNPINDEX: ^GSPC) gains in that span.When a stock experiences generational gains like that in such a short period, it's natural for investors to wonder if they missed the train. In Nvidia's case, I wouldn't expect 1,100% gains over the next three years, but the company is still positioned to be a great growth opportunity for investors. And it all comes to the expected growth of data centers.At the heart of data centers are graphics processing units (GPUs), of which Nvidia is the main supplier. It commands around a 92% market share in the data center GPU market. In its fiscal year first quarter (ended April 27), Nvidia's data center revenue increased 73% year over year to $39.1 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool