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Nvidia's Temporary Setbacks Offer a Golden Buying Opportunity
NVDANvidia(NVDA) Investor Place·2024-08-15 18:15

Tech behemoth Nvidia (NASDAQ:NVDA) stock has been taking a breather lately.  After a stellar run-up in value this year, Nvidia stock has dipped a considerable 11%. Moreover, following the correction, the stock is now trading 22.5% behind its 52-week high price of $140.76. The steep drop is linked to geopolitical, economic and company-specific factors, which are largely temporary setbacks. Given NVIDIA’s critical role as the backbone of artificial intelligence (AI), the current lull offers an excellent time ...