NVIDIA Stock Isn’t the Bargain You Think

Source: fool.ca fool.ca

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NVIDIA stock (NASDAQ:NVDA) has certainly soared past expectations, but this could be part of an AI gold rush for current investors. NVIDIA (NASDAQ:NVDA) shares exploded this week as the company surged past earnings estimates. The artificial intelligence (AI) stock was climbing all week before earnings came out, when shares climbed even further. Yet with shares already near 52-week highs, it may not be the bargain investors think it is. What happened Shares of NVIDIA stock jumped 8% in pre-market trading on August 24 after the company announced stellar results that beat out earnings estimates. The AI stock announced record revenue...