Is Nvidia Stock a Buy Below $185 Today?

Nvidia (NVDA) shares have been in a meaningful downtrend in November amid a broader macro-driven selloff in the high-growth tech stocks. 

Investors aren’t entirely sure that the U.S. central bank will be able to lower rates further next month without October’s inflation data, which they believe could hurt the overvalued AI names in 2026. 

At the time of writing, Nvidia stock is down roughly 15% versus its year-to-date high set on Oct. 29.

Raymond James Says Buy the Dip in NVDA Stock

Despite recent caution, Raymond James analyst Simon Leopold continues to see NVDA shares as a “core holding” because of the company’s leadership position in artificial intelligence. 

According to him, enterprise adoption is in the early innings only with accelerated investments from AI factory builders expected to drive the semiconductor stock higher next year. 

In his research note, Leopold dubbed the firm’s extensive and mature software stack “a significant competitive moat.” He now sees Nvidia rallying to $272 by the end of 2026. 

Note that the Nasdaq-listed firm posted a blockbuster quarter and issued even better guidance for its fiscal Q4 last week. 

Historical Returns Favor Owning Nvidia Shares 

Simon Leopold rates Nvidia shares at “buy” as generative artificial intelligence has “transformed a typically cyclical market sector of semiconductors into a…