Ithink I might finally be ready to buy some Nvidia ( NVDA 3.30% ) stock. (I know, what took me so long, right?) Yet, the thing that's kept me from buying Nvidia for so long has finally changed. That's the reason I'm now considering making my first buy in years.
And once I own it, I have no intention of selling.
What changed: Sentiment on Nvidia stock
For the longest time, investors thought Nvidia stock could only go one direction: Up. They were largely right.
The last five years have seen Nvidia shares rise roughly 1,300% in value as the company went from strength to strength. It started using its graphics processing units ( GPUs ) -- which were originally designed to run video game graphics -- to power Bitcoin mining , and more recently, for artificial intelligence.
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