A lot of investors consider Nvidia (NASDAQ:NVDA) stock to be one of the hottest portfolio choices at the moment. However, others are concerned about the company’s valuation. My opinion is that even after gaining more than 17,500% in 10 years, it can still grow in price a lot more from here. In my research for this article, I watched an interview with Nvidia’s CEO Jensen Huang on CNBC. In the interview, he mentioned how he attributes his success with Nvidia somewhat to the fact that he keeps the company agile. He means that the firm is willing to adapt to changing market conditions, including capitalising on opportunities and avoiding threats. Artificial intelligence wasn’t Nvidia’s starting point. It had much more experience in gaming, advanced visual representations, and other forms of high computational power. This translated well into AI operations later. When the next technology shift happens, Nvidia should be prepared for this and scale up its operations accordingly. Investors who are concerned about Nvidia’s valuation have a reason to be. Traditional value investors look for companies that are trading below the company’s intrinsic worth estimated by forecasted cash flows. However, in the technology industry, it’s very common for companies to...