Technology stocks have finally caught a break recently after having been hammered by investors since the start of 2022. Although the Nasdaq Composite remains down 18.3% year to date, the tech barometer has gained 11.4% over the past month in light of better-than-expected inflation data for the month of July. 

Still, many of big tech's finest businesses, such as Nvidia Corporation (NASDAQ: NVDA), remain notably in the red. The chipmaker's stock has plummeted 39% since the beginning of the year, which should catch the attention of long-term tech investors. With that in mind, is now the right time to pounce on the tech giant's stock? Let's examine its current situation to discover why or why not.

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Source Fool.com