By Adam Spatacco
Publication Date: 2026-01-12 12:45:00
Nvidia has been the star of the artificial intelligence show for three years, and its stellar performance doesn’t appear to be coming to an end.
For the last three years, the stock market’s biggest tailwinds have stemmed from virtually anything that touches artificial intelligence (AI). Within the AI landscape, semiconductor giant Nvidia (NVDA +0.17%) has emerged as the most influential business.
While Nvidia’s nearly 1,000% stock gains throughout the AI revolution might suggest you’ve missed the boat, smart investors understand that the chip behemoth’s story is really just getting started.
Let’s break down what makes Nvidia such a unique opportunity and assess why now is as good a time as ever to scoop up some shares.
Image source: Nvidia.
AI infrastructure isn’t going anywhere
The chart below illustrates quarterly trends in capital expenditures (capex) among AI hyperscalers.
AMZN Capital Expenditures (Quarterly) data by YCharts.
Indeed, big tech has spent the last three years procuring as many graphics processing units (GPUs) as possible to outfit next-generation data centers. But the subtle theme from the financial profile above is that this spending activity isn’t slowing. In fact, it’s accelerating among the major players.
While Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure are designing their own custom hardware, these cloud infrastructure giants still partner heavily with Nvidia.
For example, OpenAI recently signed a $38 billion…
