Is Nvidia Stock a Buy Now?
Some market prognosticators would argue that, as Nvidia (NASDAQ: NVDA) stock goes, so goes the artificial intelligence (AI) bull market. Wall Street rallied around Nvidia, thanks to its dominance in the AI chip market. It's the flagship company representing the emergence of large language models and other AI technology, which is arguably the largest technological leap forward since the internet started developing in the late 1990s.
After soaring for most of the past two years, Nvidia's stock price has reversed course. The stock is down about 22% from its June 2024 high. Buying the dip on winning stocks has been a successful investing strategy for years. And to be honest, it's hard to imagine an AI future without Nvidia playing a significant role.
However, you may want to consider these risks before buying the stock today.
Source Fool.com
