Nvidia has performed amazingly over the past year. Since the start of 2023, it has risen an amazing 520%. However, that’s not surprising for a cyclical company like Nvidia.
Nvidia sells a product once and then must sell another to continue driving sales. This can lead to a boom-or-bust environment. While this has worked for many companies for hundreds of years, it’s not as repeatable as a subscription model.
So if you’re looking for stocks for the long term, consider these three that are riding the same wave as Nvidia.
Subscription businesses are better over the long term
Some of Nvidia’s largest customers are those who own data centers used for cloud computing. Cloud computing is used by many companies that don’t wish to maintain computing resources within the company. It involves renting computing power from cloud computing providers, which converts large upfront capital costs into…
