2 Reasons to Buy Nvidia Stock Before Aug. 28
Artificial intelligence (AI) is the single biggest leap in technology since the internet -- or so say its biggest believers. Its effect on the market has been enormous. Led by the poster child of the AI revolution, Nvidia (NASDAQ: NVDA), AI stocks went on a tear over the last few years that made a lot of people a lot of money.
The last month or so hasn't been so kind; the Nasdaq Composite is down more than 10% since its peak in early July. The majority of big tech players released their earnings for Q2 2024, and although there was a lot of positive news -- Meta Platforms posted 22% year-over-year revenue growth for the quarter -- investors were somewhat spooked by the larger-than-expected spends the companies are planning to make on AI infrastructure.
This, in combination with broader market fears -- here's hoping the Federal Reserve can nail that "soft landing" -- hit Nvidia hard. Its stock is down over 22% since July 10. But you know what? I think this is great news. It's a buying opportunity for those who still believe in the stock, and I do. With the company set to release its Q2 numbers on Aug. 28, here are two reasons to buy before it does.
Source Fool.com
Meta Platforms Inc. Aktie
Positive Stimmung für Meta Platforms Inc. mit mehreren Buy- gegenüber Sell-Einschätzungen.
Das Kursziel von 500 € für Meta Platforms Inc. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 478.4 € an.
