Why Is Nvidia Stock Still a Buy After Its Steep Sell-Off? Just Ask Amazon, Google, Microsoft, and Meta.
Nvidia's (NASDAQ: NVDA) luster seems to have faded. The stock is down roughly 25% below its high set only a few weeks ago. Roughly one-third of Wall Street analysts surveyed by LSEG in August no longer recommend buying Nvidia stock, a big change from July.
Some investors might think it's time to move on to greener pastures. I suspect the opposite is true. Why is Nvidia still a buy after its steep sell-off? Just ask Amazon (NASDAQ: AMZN), Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), and Meta Platforms (NASDAQ: META).
All four artificial intelligence (AI) leaders sang the same song in their latest quarterly updates. And their music should be sweet to the ears of Nvidia shareholders.
Source Fool.com
Alphabet Inc. C Stock
€151.54
0.720%
With 28 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
As a result the target price of 165 € shows a slightly positive potential of 8.88% compared to the current price of 151.54 € for Alphabet Inc. C.
