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Nvidia (NVDA 4.26%) is probably the hottest artificial intelligence (AI) stock on the planet, with its revenue and share price soaring to records in recent quarters. As a result, you may expect this AI chip leader to come with a hefty price tag.
Technology stocks have been the driving force in the market for more than the past decade, and with the advent of artificial intelligence (AI), that should continue well into the future. Let's look at five leading tech stocks to buy right now.
Chipmakers across Asia rallied on Thursday after Nvidia's stock closed at a record high, once again positioning the US-based tech firm as the world's most valuable company. With its market capitalisation hitting $3.77 trillion, Nvidia surpassed Microsoft and triggered widespread momentum across the semiconductor sector in Japan, South Korea, and Taiwan.
Nvidia (NVDA 4.26%) doesn't disclose its exact customer list. However, the company is the leading supplier of data center chips for artificial intelligence (AI) workloads, and we know Amazon (AMZN -0.43%), Microsoft (MSFT 0.44%), Alphabet (GOOG 2.42%) (GOOGL 2.40%), Meta Platforms, and Oracle are some of the biggest buyers of that hardware based on their public filings.
Nvidia (NVDA 4.26%) stock has lost some of its momentum this year after gaining 1,400% over the past five years. It's lost some investor confidence for a number of reasons, including fears that new artificial intelligence (AI) models won't need its powerful chips and regulations that limit what the company can ship to China.
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