On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Meanwhile, Nvidia is still doing what it does best: building the components that gamers crave and developers demand. In other words, you’re looking at a great value-investing opportunity.įor this, we can thank the market, as it seems that investors have overreacted to an admittedly weak PC market. NVDA stock is cheaper than it’s been in a while, and Nvidia’s market capitalization is down to around $300 billion. It’s fine if you’re not up to speed on “ray-triangle intersection throughput” and “petaflops.” Suffice it to say that Ada Lovelace and the RTX 4090 should keep competing GPU makers at bay and hardcore gamers happy. “Ada’s advancements include a new Streaming Multiprocessor, a new RT Core with twice the ray-triangle intersection throughput, and a new Tensor Core with the Hopper FP8 Transformer Engine and 1.4 petaflops of Tensor processor power.”

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nevertheless, contrarian investors should see the pessimism as overstated - and with top-tier gaming tech, Nvidia might manage to prove the skeptics wrong. Nvidia’s quarterly results stoked the market’s bearish sentiment, and a Wall Street expert’s PC-industry concerns only add to the anxiety. Moreover, gaming-segment revenue declined 33% YOY, and that’s the company’s bread and butter. The company reported second-quarter fiscal 2023 GAAP earnings per diluted share of just 26 cents, down 72% year-over-year (YOY). If people hoped that Nvidia would single-handedly save the tech sector in August, they were surely disappointed.

Besides, Nvidia’s latest GPU lineup is bound to be a game-changer, literally and otherwise.

However, the shares are so beaten-down that it’s starting to look like an overreaction. As some investors fret over PC-market pressure, it might be tempting to give up on Nvidia altogether. Nvidia (NASDAQ: NVDA) stock is just one of many downtrodden tech stocks of 2022.

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