We recently compiled a list of the 12 Best Forever Stocks To Buy Now. In this article, we are going to take a look at where NVIDIA Corp (NASDAQ:NVDA) stands against the other forever stocks to buy now.

Nvidia stock soared 150% through the first half of 2024, but it has been in a slump since mid-July. Nvidia is gearing up to ship high volumes of its new Blackwell artificial intelligence (AI) data center chips.

NVIDIA continues to fuel the AI stock rally in 2024. Our analysis shows that may be the case for the foreseeable future.

Big tech has long been an immensely popular area to invest in when it comes to US stocks, and for good reason.

Analysts are expecting Nvidia stock to head higher in the next 12 months. The company's solid moat in the AI chip market could ensure healthy levels of growth in the coming year. Nvidia's improving earnings projections indicate that the chipmaker could indeed head higher and deliver robust gains over the next year.