Nvidia Stock Plummets, Still Buy?
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Nvidia sharesThe Motley Fool
•Technology
Technology
Nasdaq Sell-Off: After Losing Nearly $800 Billion in Market Cap, Is Nvidia Stock a Buy Anymore? History Offers a Clear Indicator of What Could Happen Next.
75% Informative
Shares of semiconductor powerhouse Nvidia (NASDAQ: NVDA ) closed at an all-time high of $ 149.43 on Jan. 6 .
As of this writing, its market cap is $2.9 trillion -- down $800 billion from highs seen just a couple of months ago .
I think that even with its parabolic gains, the stock is poised to bounce back.
Shares are trading for a historical discount right now.
The Motley Fool recommends Alphabet , Amazon , Apple , Microsoft , Nvidia , and Taiwan Semiconductor Manufacturing .
Nvidia stock has lost nearly $800 billion in market value since its recent sell-off.
The company is now valued at $1.2 billion by the Nasdaqdaq.
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