Thinking About Buying NVIDIA Stock? Be Careful.
NVIDIA's (NASDAQ: NVDA) graphics chips are widely used for artificial intelligence (AI) workloads. AI hype is one reason why shares of NVIDIA have shot through the roof this year. Despite tumbling revenue and profit in the latest quarter, driven by crashing demand for PCs and the end of the cryptocurrency bubble, NVIDIA stock has more than doubled so far in 2023.