NVDA - Billionaires Are Selling Nvidia and Buying This Stock Instead
2024-06-12 05:02:00 ET
Nvidia (NASDAQ: NVDA) is the poster stock for the artificial intelligence (AI) revolution, but it's been a market-crushing stock for much longer than the current hype might suggest.
It's made a stunning leap over the past year, up more than 200% and jumping past Alphabet and Amazon (NASDAQ: AMZN) to reach the third-largest market cap on the stock market at nearly $3 trillion.
Is this the end of the road? Almost definitely not. Nvidia is still the main producer of chips for generative AI, and it has many other products that drive progress in the tech industry.
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Billionaires Are Selling Nvidia and Buying This Stock Instead