In the wake of a significant drop in NVIDIA Corp (NASDAQ:NVDA) shares, investors are being advised to consider this as an opportunity rather than a setback.
What Happened: On Tuesday, Nvidia’s stock experienced a sharp decline of up to 6.7%, just a day before the company’s highly anticipated earnings report. This dip could be attributed to profit-taking ahead of the earnings release, according to the host of CNBC’s “Mad Money, Jim Cramer, reported CNBC. Despite this, the drop is seen as a potential entry point for investors who have not yet invested in Nvidia.
Cramer, a prominent figure in the investment community, suggested that this could be an opportune moment for new investors to enter the market. He advised, “I think you buy some if you don’t own any,” and added, “Maybe buy some more tomorrow.”
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Even existing Nvidia shareholders are viewing this downturn positively. Cramer remarked, “How great is it …
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