Nvidia Stock Bounced Back Today. What Investors Need to Know.
Nvidia (NASDAQ: NVDA) shares plunged more than 6% yesterday as global markets dropped from several negative catalysts. The selling started in Japan after the Bank of Japan raised interest rates, helping to trigger the unwinding of "carry trades" made by investors taking advantage of that country's lower rates. Nvidia also had some company-specific news over the weekend (see below).
But some investors are looking at Nvidia's drop as a buying opportunity. That's led to a rebound of as much as about 6% in the stock today. Still, the advanced semiconductor maker's stock has dropped by more than 15% over the last month. It remains a buying opportunity, even with today's bounce.
Reports over the weekend about a newly discovered design flaw in Nvidia's next-generation Blackwell artificial intelligence (AI) platform helped fuel yesterday's sell-off. While the company didn't acknowledge a problem, it would mean only a few months' delay in the start of Blackwell sales, even if the reports are true.
Source Fool.com
