We recently compiled a list of the 10 Best Stocks To Invest In According to Billionaires. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other billionaire-approved stocks.

Consider this, just about nine months ago, at the end of December 2023, Nvidia stock was trading at around $50 levels.

Nvidia stock rose Thursday as positive sentiment around demand for artificial intelligence continued to drive chip stocks.Nvidia shares were up 1.3% at $125.10 in early trading. It rose more than 2% on Wednesday after upbeat projections about the need for AI hardware,

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Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn.

Key Takeaways The volatile month for shares of Nvidia continued Thursday, with the stock gaining more than 3% in early trading only to slide into negative territory in the afternoon.The shares had rallied to start the week and are back in the green for September after falling sharply early in the month.

Shares of NVIDIA Corp. NVDA advanced 2.18% to $123.51 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.19% to 5,722.26 and Dow Jones Industrial Average DJIA falling 0.

Ever since shares of Nvidia (NVDA) reached an all-time high in June, the chipmaker’s stock has experienced some turbulence — but its market cap is still up over 150% so far this year.

These magnificent businesses have what it takes to handily outperform artificial intelligence (AI) leader Nvidia moving forward.

Micron’s positive AI commentary shouldn’t come as a huge surprise, but it could nonetheless help support AI plays like Nvidia.

Despite its outperformance, I still think Nvidia is a better investment choice than AMD, as there is more to a company than stock price performance. Both companies make hardware for computers of all varieties,