Tuesday, April 30, 2024 5:46:10 PM
Nvidia stock investors won't be wondering "what's next" for long
Investors are growing increasingly worried about “what’s next” for big winners in the space like Nvidia (NVDA).
However, recent developments strongly suggest that this early-mover in the space keeps charging ahead.
Buy Nvidia stock before the pullback turns into a bounce back.
There’s no getting around it. Top AI stocks like Nvidia (NASDAQ:NVDA) have lost momentum. However, the market’s sudden worrying about “what’s next” for big AI winners like Nvidia stock may end up being an advantageous turn of events, for investors entering or adding to positions right now.
Even as a growing number of market participants have been thinking that this AI chip designer’s shares have finally topped out, that may prove to ultimately not be the case. In fact, the next big run-up for shares could be just around the corner.
The market may think “what’s next,” but this early-mover in this fast-growing segment of tech continues to charge ahead, with efforts to level up on its success thus far. With this, while the weakness still lasts, you may want to seize the opportunity, as we’ll explain below.
Nvidia Stock: On the Verge of a Pre-Earnings Rebound?
As recently discussed, two key factors have weighed on shares over the past few weeks. First, there has been increased concern about a slowdown in demand for AI chips. Second, as rival semiconductor companies ramp up their efforts to capitalize on the generative artificial intelligence trend.
There have also been concerns that this too will negatively affect Nvidia’s growth going forward. In the same article, we argued these worries could prove overblown, once the company next releases earnings on May 22. However, considering more recent developments, a rebound for Nvidia stock could arrive far sooner.
Recent NVDA News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 09:52:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/13/2024 08:39:28 PM
- NVIDIA Stockholder Meeting Set for June 26; Individuals Can Participate Online • GlobeNewswire Inc. • 06/12/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:55:57 PM
- Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News • IH Market News • 06/10/2024 11:29:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:15:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:14:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:12:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:19:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 08:02:43 PM
- GME Volatile as Roaring Kitty Goes Live Today, Meta Unveils AI for WhatsApp Ads, and More • IH Market News • 06/07/2024 12:09:15 PM
- Traders May Take A Breather Following Yesterday’s Rally As Jobs Data Looms • IH Market News • 06/06/2024 01:08:35 PM
- Nvidia Becomes 2nd Most Valuable Company in the USA, ASML Takes 2nd Spot in Europe, and More News • IH Market News • 06/06/2024 11:34:59 AM
- US Index Futures Mixed; Oil Prices Rise • IH Market News • 06/06/2024 11:29:43 AM
- Nvidia’s Market Value Surges, Overtaking Apple • IH Market News • 06/06/2024 09:17:39 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:02:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:02:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:01:29 PM
- Nasdaq, S&P 500 Rally To New Record Closing Highs • IH Market News • 06/05/2024 08:46:00 PM
- Weaker Than Expected Jobs Data May Lead To Strength On Wall Street • IH Market News • 06/05/2024 01:05:35 PM
- U.S. Stocks Close On Mixed Note • IH Market News • 06/03/2024 08:44:00 PM
- NVIDIA Enables Real-Time Healthcare, Industrial and Scientific AI Applications at the Edge With Enterprise Software Support for NVIDIA IGX With Holoscan • GlobeNewswire Inc. • 06/02/2024 12:56:50 PM
- NVIDIA Robotics Adopted by Industry Leaders for Development of Tens of Millions of AI-Powered Autonomous Machines • GlobeNewswire Inc. • 06/02/2024 12:52:01 PM
- Robotic Factories Supercharge Industrial Digitalization as Electronic Makers Adopt NVIDIA AI and Omniverse • GlobeNewswire Inc. • 06/02/2024 12:44:32 PM
- NVIDIA Brings AI Assistants to Life With GeForce RTX AI PCs • GlobeNewswire Inc. • 06/02/2024 12:41:52 PM
FEATURED Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • Jun 14, 2024 2:07 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM