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.

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Source Fool.com