At over 50 times earnings, this is a pricey stock to own but that multiple comes down to 29 when looking at estimates for next year's profits. And in the longer run, the company may be an even better buy if demand for its AI-agents takes off.

Missed Nvidia stock’s blazing growth? Discover Paylocity (NASDAQ:PCTY) and another AI growth stock poised for long-term gains The post Missed Out on Nvidia? My Best AI Stocks to Buy and Hold appeared first on The Motley Fool Canada.

Nvidia is once again the most valuable U.S. company, outranking Apple for the first time since late November. A rise in the chip maker's stock meant it ended Tuesday with a market capitalization of $3.

Nvidia stock has been one of the biggest winners of the artificial intelligence (AI) revolution in the past couple of years, clocking remarkable gains of nearly 800% over the past two years on account of the red-hot demand for its data center graphics cards, but the past three months have been difficult for the chipmaker.

The past few years have been undeniably profitable for Nvidia (NASDAQ: NVDA) investors. The stock price has surged more than sevenfold over the past two years, and today, it topped the charts as the world's most valuable company in terms of market cap.