Nvidia Stock: When to Buy

Early Bird Prime for April 7, 2024

The technology superstar Nvidia (Nasdaq: NVDA) has been on a wild rollercoaster ride lately by soaking up the artificial intelligence wave. 

Nvidia’s stock has skyrocketed by a mind-boggling 82% in 2024, a jaw-dropping 225% in the past 12 months, and an eye-popping 1,725% in the past 5 years. With a price tag of $880.08 per share, it's one of the top stocks in the market.

The company has emerged as the undisputed champion of the AI boom. The demand for their Superchips and GPUs (graphics processing chips) has escalated in the past year. This has propelled Nvidia to the top of the AI food chain, making it the go-to choice for all things AI-related.

But, there's been a slight pullback in the Nvidia universe. The stock has hit a speed bump and is flat in the last 30 days. And if that wasn't enough to make your heart skip a beat, it's down 7% over the previous 2 weeks. 

So, what should investors do? Now that the stock is down, should they buy or not?

Well, here’s the answer:

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