Does Nvidia Stock Still Have Enough Mojo to Buy?
Despite posting blockbuster Q3 results yesterday evening, the post-earnings rally in Nvidia (NVDA) stock faded in Thursday’s trading session from a +5% spike to a 3% dip and below its 50-day moving average of $184 a share.The short-term stall in momentum has correlated with AI bubble concerns and export restrictions on chips to China. That said, headlines are highlighting Nvidia CEO Jensen Huang’s comments that sales for its state-of-the-art Blackwell GPUs have been off the charts, with GPUs that are deliv ...