Reported 2 months ago
Nvidia's stock has fallen nearly 30% from its peak of $135 per share amid a broader market sell-off involving major tech stocks. Despite current fears triggered by rising interest rates and potential recession, the long-term growth prospects for Nvidia—driven by its leadership in graphics processing units for AI—remain strong. With the stock now trading at a more reasonable 36 times forward earnings, investors might consider this a buying opportunity, especially before its upcoming earnings report on August 28.
Source: YAHOO