Why Is Nvidia Stock Still a Buy After Its Steep Sell-Off? Just Ask Amazon, Google, Microsoft, and Meta.

August 8, 2024

Nvidia’s (NASDAQ: NVDA) luster seems to have faded. The stock is down roughly 25% below its high set only a few weeks ago. Roughly one-third of Wall Street analysts surveyed by LSEG in August no longer recommend buying Nvidia stock, a big change from July.

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