NVDA Stock Still Looks Like a Buy

Nvidia has clearly emerged as a leading AI stock, and while some of the stock’s recent rise can be tied to hype, most of this company’s performance is fundamentals-based. Indeed, despite surging roughly more than three-fold over the past 18 months, this is a stock that still looks reasonably-valued based on its forward-looking prospects.

For long-term investors, Nvidia remains the go-to option in this space. I just don’t see that changing, for at least the next decade. Accordingly, I think investors would do well to consider this stock on dips moving forward. $NVIDIA(NVDA.US)$ $Advanced Micro Devices(AMD.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$