The rise of Nvidia has been synonymous with Wall Street’s AI boom, but Tuesday’s market sell-off hit the dominant chip maker’s stock the hardest. Nvidia shed $279 billion in market cap, the biggest ever drop for an American company in a single day, before shares fell slightly further on Wednesday.
As Warren Buffett once said, it can pay “to be fearful when others are greedy and to be greedy only when others are fearful.” Do investors now have a rare opportunity to buy the dip for shares of a fast-growing company that accounted for roughly 30% of the S&P 500’s total returns during the first half of the year?
