Nvidia Stock Is in a Bear Market. Why It’s Time to Buy the Highflying Chip Maker.

4 months ago 89
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Updated Feb. 9, 2022 8:14 am ET / Original Feb. 8, 2022 1:39 pm ET

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Nvidia stock has gotten hit hard. One investor explains why it may be time to buy.

David Paul Morris/Bloomberg

Nvidia (NVDA) stock, like many tech shares, has tumbled from its 2021 high. But with the “metaverse” providing a tailwind, it may be time to buy.

Shares of Nvidia have tumbled more than 25% from its late November all-time of $333.76, a drop technically defined as a bear market. There’s nothing fundamentally wrong with Nvidia. Its failed acquisition of chip designer ARM has been an overhang, and It has gotten hit, along with other high-growth stocks, because Federal Reserve is getting ready to raise interest rates, something...

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