DaveaPhoenix
09-06

$NVIDIA Corp(NVDA)$  Back when NVIDIA dipped before to $105, I saw an opportunity and took the plunge. Fast forward, and that decision has paid off well as NVIDIA's dominance in AI and GPU markets continues to drive its growth. However, with its stock now trading significantly higher, the question arises: Now that it is back to $105, should I take the ride again?

While NVIDIA is undoubtedly a market leader, there's no denying that competition is intensifying, especially from Intel, which has been aggressively cutting prices to capture more market share. Intel’s recent moves, including restructuring and price drops, are attempts to stay relevant in a fast-evolving semiconductor landscape. This competition might impact NVIDIA’s margins in the future, but its strong position in AI gives it a distinct edge.

If NVDA dips again due to market volatility or competitive pricing pressures, it could present another good buying opportunity. However, considering the current premium valuation, I’d be somewhat cautious and watch for certain entry points where long-term value could outweigh short-term risks.

I will buy again at $105 then again at $100, then $95 until it rises again

Nvidia Rebound: Still a Long Term Bet?
Nvidia drop 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. ----------------- What's your target price for Nvidia? Head to $130 or $140 this week?
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