| Investors are buying up Nvidia (NVDA) like itâs their favorite pair of shoes about to be discontinued. When we checked in on the chip stock just over a week ago, shares were trading around 285, a 20% boost from when we first named it a Derby City Daily favorite in February. I thought that was an impressive run… until I watched NVDA push past 318 last Thursday. Thatâs some jaw-dropping price action. The stock had already doubled since the start of the year. Followed by this added 12% jump in a matter of days… Itâs a surge thatâs pushed NVDA up close to its November 2021 all-time highs. No doubt about it: This has been a hot run for Nvidia. But I wondered: Is it justified? Thereâs a good reason Landon named Nvidia his favorite stock pick of 2023. Several good reasons, in fact.
Nvidia is an “OG” of the tech industry: Itâs credited with inventing the GPU way back in 1999. (GPU stands for graphics processing unit, the specialized part of your computer that makes video games, streaming, and any other graphics effects go.) Since its dot-com days, Nvidia has become a beacon of innovation in the gaming industry — and gone on to make some of the worldâs most advanced computer chips and graphics cards… The latest of which are powered by artificial intelligence (AI). Youâre starting to see the “trigger” for the hype thatâs been powering Nvidia shares skyward: Investors believe Nvidia can gorge itself with AI profits. If youâve been following Derby City Daily, you know our social media machine has been logging record acceleration in AI chatter. As of today, AI mentions are up 482% year-over-year. And we see no signs that this “AI ardor” will slow down anytime soon. 
Nvidiaâs AI tech is permeating some of todayâs coolest — and most impactful — scientific breakthroughs. Remember those awe-inspiring images from the James Webb Space Telescope? Made possible by a supercomputer with deep learning capabilities — powered by Nvidia.
Or those Stanford researchers, who diagnosed a patient in critical care in just five hours and two minutes to take home the Guinness World Record? That was thanks to rapid DNA sequencing… made possible by Nvidia's computing tech. Weâre digging Nvidiaâs potential as much as everyone else. Weâve featured this stock in Derby City Daily several times as a potentially hefty upside play. Before that, in January, we recommended it to MegaTrends subscribers as an “oversold, high-value” stock ready to soar. Whether thereâs an opportunity here isnât the question. The real questions are: Is Nvidia worth its current 770-billion-dollar market value? Or its eye-popping price/earnings ratio of 177.54? (Versus Appleâs P/E of less than 30?) And — if you donât grab Nvidiaâs shares right here and right now — will you miss out on the AI opportunity of a lifetime? Those are the answers I wanted to give our friends over at the TD Ameritrade network. And those are the answers youâll get here today. The conversation couldnât be timelier: Nvidia's first-quarter earnings report is slated for release tomorrow. And that means this eight-minute segment has “must-watch” status: 
Click here to watch now | 
