Nvidia Stock is Down 10% From Its Highs. Is It Time to Buy the Dip?
Nvidia's (NASDAQ: NVDA) stock hasn't gone on sale often, but when it has dipped slightly since 2023, it has been a no-brainer buying opportunity for investors. While investors may have missed the bottom of the dip when it was down around 25%, is a 10% discount still a good enough price to pay?
Nvidia stock is down 10% from its all-time high set in June. If you're considering Nvidia stock now, are you buying it for a 10% return or looking for something even bigger?
Nvidia has been the talk of the investing world for nearly two years. Its graphics processing units (GPUs) are used by those who want top-tier computing performance. These GPUs have been used almost exclusively by some of the world's largest artificial intelligence (AI) researchers, which has caused Nvidia's business to boom.
Source Fool.com
