3 Reasons It Might Be Time Buy the Dip in NVIDIA Stock

Quick Read

• NVDA trades at just 23x forward earnings while delivering growth.

• Nvidia is funneling capital into AI stack alliances and investments, embedding itself in the AI revolution well beyond GPU hardware.

• Don’t wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

It hasn’t been all too clean a breakout for shares of AI chip giant Nvidia (NASDAQ:NVDA), which is still down close to 13% after tumbling off its mid-May highs. Indeed, it seems like the company can do everything right and still get rewarded with a reaction that’s relatively muted compared to the rest of the semiconductor scene.

Even if some think that shares of Nvidia have run into a bit of a ceiling just shy of the $6 trillion market cap mark, I still think there are a lot of reasons it might make sense to give the GPU titan the benefit of the doubt.

Of course, the bears, including the likes of Michael Burry of The Big Short fame, also have compelling bear points. But, at the end of the day, it’s up to investors to consider the points from both camps before making a decision on a stock that may very well be among the most puzzling of the Magnificent Seven for more reasons than one.

In this piece, we’ll run through three reasons why Nvidia stock might still be worth keeping on the radar, even if it seems like any further appreciation will be…