Nvidia Stock Is Down 17%! 3 Reasons You'll Wish You'd Bought the Dip
If you have paid any attention to the stock market this year, you would have found it impossible to ignore semiconductor giant Nvidia (NASDAQ: NVDA). Its stock has delivered a blockbuster return of 189% on the back of substantial -- and largely unexpected -- sales growth driven by its artificial intelligence (AI) chips.
But the broader stock market is in the throes of a pullback right now, with the Nasdaq-100 technology index sinking by 7.3% since the start of August. Many of the stocks that led the market higher this year have also declined, with Nvidia now trading 17% below its all-time high.
I'll share three reasons why investors might wish they took this opportunity to buy Nvidia stock for the long term.
Source Fool.com
