Nvidia Stock Is in a Bear Market. It’s Time to Buy the Highflying Chip Maker.

0
31


Nvidia (NVDA) stock, like many tech shares, has tumbled from its 2021 high. But with the “metaverse” providing a tailwind, it may be time to buy.

Shares of Nvidia have tumbled more than 25% from its late November all-time of $333.76, a drop technically defined as a bear market. There’s nothing fundamentally wrong with Nvidia. Its failed acquisition of chip designer ARM has been an overhang, and It has gotten hit, along with other high-growth stocks, because Federal Reserve is getting ready to raise interest rates, something…



Source link