Don't Be Fooled: The Nvidia Sell-Off Is a Screaming Buying Opportunity
Nvidia (NASDAQ: NVDA) stock has led the AI stock boom since the launch of ChatGPT, but there are now legitimate questions about whether that rally still has steam.
After the company reported earnings on Aug. 28, the stock fell even though it beat analyst expectations, a sign perhaps that Nvidia's valuation had outrun the growth in its business. Last week, the stock tumbled again, first on a report that Nvidia later denied that the company was being subpoenaed by the Department of Justice. Then, the stock fell another 4% on Friday in response to a weak employment report.
As a result, the stock was down more than 18% from before it released its fiscal 2025 second-quarter earnings report. Sentiment on the stock might be down, but the sell-off is starting to look like an excellent buying opportunity. Here's why.
Source Fool.com
