Missed Out on Nvidia's 2,400% Gain? Here's What to Do Next.
Nvidia (NASDAQ: NVDA) shares have surged 2,400% over the past five years, pushed higher not only by optimism about the company's artificial intelligence (AI) chip business, but also by concrete results. The company's earnings have been climbing in the triple digits quarter after quarter as AI customers rush to get in on the latest chip to power their projects.
This tech giant has been able to maintain its lead -- and pricing power -- because it offers the most powerful chips around. But in recent times, even though earnings continue to roar past expectations, Nvidia stock has lost momentum. The shares slipped 18% from the start of July through the early days of August, and in recent days they've stumbled, too. In fact, in one trading session this week, Nvidia lost $279 billion in market value -- the biggest ever single-day drop by that measure for a U.S. company.
If you haven't bought shares of this market giant and missed out on its earlier explosive gains, you may be wondering what your options are right now. Is it too late to score a Nvidia win, or should you buy this player on the dip? Let's consider what to do next.
Source Fool.com
