Nvidia stock fell 1.7% due to analyst warnings on big-tech earnings, but still has potential.
From Nasdaq: 2024-07-25 18:53:56
After a volatile trading day, Nvidia (NASDAQ: NVDA) stock closed Thursday down 1.7%. Analysts’ warnings on big-tech earnings led to a 7% opening dip, followed by a 2.1% climb. Recent losses brought the stock down 17% from its peak on June 18, prompting questions on whether now is the time to invest in the AI leader.
Nvidia stock is a pivotal company in shaping stock market performance, with GPUs leading AI applications. Surging demand for AI services has boosted sales and earnings growth. However, valuations for AI stocks are subject to volatility, but Nvidia’s strong GPU and software platform give it a competitive edge in the AI hardware market.
Considering a dollar-cost-averaging approach to investing in Nvidia for long-term growth amidst key AI trends is recommended. The Motley Fool Stock Advisor analyst team did not include Nvidia in its top 10 stock picks for investors, having identified stocks with potential for significant returns in the years ahead. Stock Advisor has outperformed the S&P 500 since 2002, giving investors a blueprint for success.
Read more at Nasdaq: Nvidia Fell Again Today — Time to Buy the Artificial Intelligence (AI) Leader’s Stock?