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Amy Legate-Wolfe

Should You Buy the Dip in Nvidia Stock?

Nvidia Intel Corporation

Yesterday, The Wall Street Journal reported that the federal government is considering increasing restrictions on the sales of artificial intelligence (AI) chips to China. As a result, shares of Nvidia (NVDA) opened lower this morning. However, investors don't seem overly concerned as the stock has rallied and is currently down less than 1% on the day.

The tech-heavy Nasdaq 100 ($IUXX) continues to do well in 2023, but there are few tech stocks out there that have done as well as graphics processor Nvidia. Shares of the tech stock are up 184% year-to-date, and 279% from 52-week lows.

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