Should You Buy Nvidia Stock in October?
What comes next for this quintessential AI stock?
Overview
For technology investors, Nvidia (NASDAQ: NVDA) has been the gift that keeps on giving. Shares in the chipmaker are up 28.5% year to date. And this caps off a 1,110% rally over the last half-decade as the company benefits from surging demand for its AI data center hardware.
But how much longer can the boom continue? Let's dig deeper into the pros and cons of Nvidia to decide if it's still a good buy in October.
Details
As of late 2026, the global AI industry shows no signs of slowing down. Analysts at Goldman Sachs estimate that by the end of the year, U.S. hyperscalers will have invested a whopping $800 billion in this opportunity, with much of that going to buy data center hardware designed and sold by Nvidia and its peers. They expect that annual investment total will reach $1.2 trillion in 2027 and $1.4 trillion in 2028 for a total of $7.6 trillion by 2031.
Source
Originally published at www.fool.com.