Artificial Intelligence (AI) goliath Nvidia (NVDA US) has become arguably the most influential stock on the US and Global bourses. However, its 17% pullback has primarily been part of a period of sector rotation, with the major indices still within striking distance of their all-time highs. Previously, we’ve described NVDA as a stock where we would look to “buy the dip.” This is precisely what’s unfolding and it certainly feels scary enough to be approaching a panic low.
- We like NVDA after its recent ~17% pullback, with our ideal entry in the $US105-110 region. We covered NVDA in more depth recently (here).
MM may get interested in Nvidia (NVDA US) below $US110
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