Nvidia (NVDA) is still one of the top stocks to own in 2024.

This has been Nvidia’s year.

It’s the best-performing S&P 500 stock, surging 250%. I’m happy we’ve owned it for years.

Despite this huge runup, NVDA stock is still a buy in 2024. Seriously.

Not only does Nvidia trade BELOW its five-year average price-to-earnings (P/E) ratio, but it’s selling at a discount to many of its less-impressive peers.

When it comes to making money from artificial intelligence (AI), Nvidia blows everyone else away. Its AI-related datacenter sales will top $40 billion this year.

That’s more than its two closest rivals — Intel (INTC) and Advanced Micro Devices (AMD) — combined:

Yet… Nvidia trades at a lower valuation than both Intel and AMD:

Most investors think they missed Nvidia’s big runup… and are scrambling to find the “next megawinner.”

But the next Nvidia is… Nvidia.

It’s delivering on the AI hype like nobody else.

There will come a time when Nvidia’s dominance has run its course and it’s time to sell.

When that time comes, Disruption Investor members will take profits and move on to the next opportunity.

But that time is not now. Continue to own NVDA stock.

*** Discover more about how to profit from AI and other disruptive megatrends. Click here and check out my free M/W/F investing letter The Jolt ⚡

This post first appeared at https://www.riskhedge.com/post/the-end-of-google.com ***