Consider this, just about nine months ago, at the end of December 2023, Nvidia stock was trading at around $50 levels.

Nvidia remains a no-brainer choice over AMD as an investment right now. Its exposure to one of the biggest industry trends since the internet exploded is massive. If investors want direct exposure to the trend, then buying Nvidia stock instead of AMD is smart.

Key Takeaways The volatile month for shares of Nvidia continued Thursday, with the stock gaining more than 3% in early trading only to slide into negative territory in the afternoon.The shares had rallied to start the week and are back in the green for September after falling sharply early in the month.

Nvidia stock rose Thursday as positive sentiment around demand for artificial intelligence continued to drive chip stocks.Nvidia shares were up 1.3% at $125.10 in early trading. It rose more than 2% on Wednesday after upbeat projections about the need for AI hardware,

Investors have found another major way to play the artificial-intelligence trend besides semiconductor stocks, and that’s led to a changing of the guard atop this year’s list of the best S&P 500 performers.

Ever since shares of Nvidia (NVDA) reached an all-time high in June, the chipmaker’s stock has experienced some turbulence — but its market cap is still up over 150% so far this year.