Why Is Nvidia's Stock Price So High?

Shares of the "Magnificent Seven" stock are up 23-fold in the last five years.Just five years ago, Nvidia's (NVDA -1.99%) share price was less than $50. But since then, the leading maker of graphics processing units (GPUs) has found new markets for its chip technology, namely around artificial intelligence (AI), fueling incredible growth for the business. This AI hype has led investors to bid up Nvidia's share price to about $925 to account for the company's surging revenue and growth prospects.Ultimately, ...