Asking someone to pick just one stock of the thousands of publicly traded companies in the world is a daunting task. First of all, no portfolio should be built on a single company — the best way to grow your wealth over time is with a diversified portfolio.
But every portfolio has to have a starting point, and if I were starting mine from scratch — and choosing individual stocks instead of an exchange-traded fund — my first draft pick would be the unquestioned leader in generative artificial intelligence (AI): Nvidia (NASDAQ: NVDA).
Here are three reasons why.