Should You Buy Nvidia While It's Below $150?
The earlier part of the year wasn't easy for market superstar Nvidia (NASDAQ: NVDA). The stock slumped for a few reasons -- from worries about U.S. export controls on artificial intelligence (AI) chips for the Chinese market and a U.S. plan to set tariffs on imports, to concerns about technology spending. Each of these areas represents a risk for the leading AI chip designer, and that kept the stock trading well below $150. In fact, at its lowest, Nvidia slipped to less than $100 earlier in the year.But, in recent weeks, the stock has rebounded, erasing losses for the year and showing signs of renewed momentum -- and it's now just a few dollars away from $150. Though the export control issue remains, the other headwinds have eased. Technology companies in recent earnings reports say they continue to pour investment into AI, a good sign for Nvidia. As for the tariffs, President Donald Trump has signed initial agreements with the U.K. and China that offer investors optimism the duties may not dramatically impact corporate earnings.Considering all of this, should you get in on Nvidia while it's below $150?Continue reading
The earlier part of the year wasn't easy for market superstar Nvidia (NASDAQ: NVDA). The stock slumped for a few reasons -- from worries about U.S. export controls on artificial intelligence (AI) chips for the Chinese market and a U.S. plan to set tariffs on imports, to concerns about technology spending. Each of these areas represents a risk for the leading AI chip designer, and that kept the stock trading well below $150. In fact, at its lowest, Nvidia slipped to less than $100 earlier in the year.
But, in recent weeks, the stock has rebounded, erasing losses for the year and showing signs of renewed momentum -- and it's now just a few dollars away from $150. Though the export control issue remains, the other headwinds have eased. Technology companies in recent earnings reports say they continue to pour investment into AI, a good sign for Nvidia. As for the tariffs, President Donald Trump has signed initial agreements with the U.K. and China that offer investors optimism the duties may not dramatically impact corporate earnings.
Considering all of this, should you get in on Nvidia while it's below $150?
