3 Reasons to Buy Nvidia Stock as UBS Global Technology and AI Conference Begins | 03.12.24

It appears Nvidia (NASDAQ: NVDA) is a victim of its own success. After another incredible quarter in which it doubled its earnings per share (EPS) year over year, shares of the chipmaker fell in the days following the release of third-quarter numbers. The fact is that expectations could hardly be higher. It’s a good thing the business still seems to be operating at full capacity. This isn’t the first time she’s been in this situation, and it probably won’t be the last. Nvidia saw its stock fall nearly 20% in the weeks following its latest release, only to gain nearly 35% from that low. There is good reason to remain optimistic, as next year will be full of major catalysts for the company. On Tuesday, December 3, Nvidia joined other major artificial intelligence (AI) companies to discuss the future of the sector with the investment community. The annual UBS Global Technology and AI conference provides Nvidia with an opportunity to demonstrate continued leadership and explain why it still has more to do. The event combines technical and practical, highlighting the impact AI can have on real-world value creation.Continue readingMore articles on MotleyFool More articles on MotleyFool