Is Nvidia Still a Good Stock to Buy?
For the past decade, buying shares of Nvidia (NASDAQ: NVDA) when it dips has been a winning investment strategy. Some unusually challenging market conditions have put the graphics chipmaker through the wringer this year, though, and investors are getting nervous.
Is Nvidia's latest dip part of a much longer slide? Or does this legendary stock's growth story have more exciting chapters ahead?
A couple of weeks before releasing results from the fiscal second quarter that ended on July 31, 2022, Nvidia told investors to expect just $6.7 billion in total revenue instead of the $8.1 billion windfall management had forecast just a few months earlier. Nvidia was true to its word and reported total revenue that fell 19% from the previous three-month period.
Source Fool.com
