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Nvidia (NASDAQ:NVDA) has been a perennial favorite among tech investors, especially when NVDA stock takes a breather in its upward mobility.
Source: Steve Lagreca / Shutterstock.com That’s what happened earlier this month when shares reached $573.86 on Sept. 2 then declined to $476.52 a mere six days later.
NVDA stock climbed back over $500 a few days later before settling back to $494.95 on Sept. 23. The last few days of September saw the stock topping $500 again to end the month around $541.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Does this mean that the dip in NVDA stock is over? Did potential and current investors wait too long to snap up some discounted shares?
A Look at NVDA Stock
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(Bloomberg) -- Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales.The Palo Alto, California-based carmaker delivered 139,300 cars, eclipsing its prior all-time high of 112,000 in the fourth quarter of 2019 and above the 129,950 projected by analysts surveyed by Bloomberg.Shares of Tesla, which have rallied more than 435% this year, pared losses in early trading after announcing the sales data. The stock was down 3.9% in premarket trading Friday to $430.28 as of 8:33 a.m. in New York, part of a broad selloff of stocks after President Donald Trump disclosed a positive test for Covid-19.“Overall, these are stellar numbers,” Dan Ives, an analyst at Wedbush, said in a phone interview early Friday. “The read through here is that China was a source of strength.”Chief Executive Officer Elon Musk signaled to employees and investors that a record...
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