Although some experts believe that the latest Nvidia (NASDAQ: NVDA) stock sell-off is excessive, the artificial intelligence (AI) chipmaking titan's CEO has continued to dump his company's shares, selling more than $53 million worth of NVDA stock last week.
Key Points: Nvidia's growth depends on five major customers, accounting for 50% of sales.
It might not be a big deal for Nvidia stock investors, but it sure is for Applied Digital shareholders.
Nvidia's AI chip dominance helped drive the bull market in AI stocks. The stock looks cheap based on estimates of future earnings.
Nvidia's share prices plunged in recent weeks for several reasons. Bank of America's analysts, though, view the sell-off as a great buying opportunity.
Nvidia Corp. NVDA shares came back up on Monday following the 14% decline they clocked in the week ended Sept. 6. An equity market strategist weighed in on the stock trajectory and the artificial intelligence stalwart's valuation.
The chip maker's shares have struggled the past three months, dragged down by investors' fear that the AI craze is losing momentum.
The demand for Nvidia's GPUs is still increasing. The stock already has high expectations built into its price.
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Nvidia is down 18% since it reported second-quarter earnings. Most of the sell-off isn't news-related.
NVIDIA Corporation NVDA witnessed a meteoric rise over the past few years due to the advent of artificial intelligence (AI). Its recent share repurchase has installed confidence among investors and the highly anticipated launch of the new Blackwell architecture should fuel its stock price.
Lumpiness could be the new norm for the tech sector, but it doesn't pay to bet against tech for the long term.