Nvidia Stock Is Pulling Back. Is It a Good Chance to Buy?

Just as Nvidia (NASDAQ: NVDA) shares approached the all-time high set in June, the stock has begun to reverse course today. Shares were down as much as almost 7% as of about 10:40 a.m. ET Tuesday, with several recent news items apparently scaring investors.One thing that likely spooked some shareholders was reports that the Biden administration was discussing capping sales of advanced artificial intelligence (AI) chips supplied by Nvidia and other U.S. companies to some countries. At the same time, semiconductor equipment maker ASML warned investors of weaker China sales expected over the next year.But reading deeper into each of these news items and looking at what Nvidia offers customers should have investors wondering whether today's pullback is, in fact, a good opportunity to buy Nvidia stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool