Nvidia's business is booming, but the stock is still quite expensive. Should you consider a lower-priced tech giant instead?

Nvidia's Blackwell GPU holds the potential to dwarf Hopper's revenue in the coming quarters. I discuss what lies ahead for NVDA and where I would buy NVDA stock in 2025.

This year has been one of milestones for top tech company Nvidia (NASDAQ: NVDA). Nvidia also won a spot among the elite, with an invitation to join the Dow Jones Industrial Average, and the stock became the best performer on the benchmark for the year.

In December 2023, I discussed the reasons shares of Nvidia could double in 2024. These included the robust demand for its graphics processing units (GPUs) for AI model training and inference, and the steps being taken by its manufacturing partner, Taiwan Semiconductor Manufacturing (NYSE: TSM), to ramp up supply.