Consequently, there is insatiable demand for AI services among users, as well as AI-related infrastructure for businesses. No company has benefited more from this trend than Nvidia ( NVDA 2.92%). Its shares are up an impressive 1,420% in the past five years (as of May 30). Should you buy this top AI stock right now?

Nvidia stock was edging lower on Tuesday, although its recent so-so performance hasn’t stopped investment bank Jefferies from adding the chip maker to its list of highest-conviction picks. Shares slipped 0.

Nvidia reported its fiscal first-quarter results after Wednesday’s closing bell. Investors are focused on the company's ability to withstand restrictions on its China business, as well as Nvidia’s overall trajectory with its new Blackwell lineup.