Is Now the Time to Buy Nvidia Stock?
The rise of artificial intelligence (AI) propelled shares of Nvidia (NASDAQ: NVDA) to incredible gains over the past year, from a 52-week low of $39.23 in 2023 to a high of $140.76 on June 20. This prompted a 10-for-1 stock split, and a 150% increase in its dividend in 2024.
Now, after several consecutive quarters of impressive sales, Wall Street's expectations of the semiconductor giant are quite high. That seems to have contributed to a drop in Nvidia's stock after it reported earnings on Aug. 28.
Does the recent decline in Nvidia's share price create a buy opportunity? Or did the company's latest earnings report signal warning signs? To answer these questions, here's a look into where the company is at now.
Source Fool.com
