The capital markets got off to a roaring start in 2024. However, the S 500 and Nasdaq Composite have given back some of their gains over the last month or so as equities have experienced some pronounced selling activity. As of the time of this article, shares of artificial intelligence (AI) darling Nvidia (NASDAQ: NVDA) have fallen nearly 14% in the last month.

While some of the decline can be attributed to sell-offs in the broader market, Nvidia recently hit investors with some disappointing news. Should investors be bothered by this dilemma, or is this a rare chance to buy the dip in AI's hottest stock?

There are a lot of factors influencing Nvidia stock's recent price action.

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Source Fool.com