There is little question Nvidia (NASDAQ:NVDA) has been the most consequential stock over the last two years. It has sometimes carried the entire market higher on its back. As one of the Magnificent 7 stocks that was largely responsible for the S&P 500's gains in 2023 and still responsible for much of the popular index's performance this year,

Nvidia ( NVDA -2.09%) had two phenomenal years in the market, and I doubt that it will be able to repeat its performance in 2025. However, I still think there are plenty of good reasons to own Nvidia stock (or buy more) in 2025.

With the arrival of artificial intelligence (AI) and the inclination toward digital and online services picking up, shares of magnificent 7 stocks popped up for most of the year. Their weightage in the S&P 500 more than doubled from a decade ago,