Is Nvidia Stock a Buy After Falling 40% From All-Time Highs?
Shares of Nvidia (NASDAQ: NVDA) continue to get clobbered. As of this writing, the stock is now down over 40% from all-time highs reached in late 2021. Several worries are conspiring to bring down Nvidia, the semiconductor industry, and tech in general right now: The Federal Reserve's aggressive rate hike posturing, calls for a slowdown in consumer spending, and a possible reduction in demand for graphics processing units (GPUs) needed in cryptocurrency mining.
Nvidia faced challenges like this just a few years ago. It overcame those issues then, but what about now?
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Source Fool.com
