Nvidia: Should investors buy the dip?

Nvidia (NVDA) shares are declining despite the company reporting a beat in it’s second-quarter results. This downturn comes as the company’s guidance failed to impress investors. Laffer Tengler Investments CEO & CIO Nancy Tengler joins Wealth to discuss her outlook on the company’s future.
Tengler attributes the stock’s reaction to its recent rebound from lows leading up to the report, stating, “it was set up for a disappointment on the Blackwell yield problem.” However, she advises investors to view this weakness as an opportunity to acquire the stock for long-term holding.
Regarding future catalysts for the semiconductor giant, Tengler highlights the expansion of AI use cases, saying “this is what we need to see next” for Nvidia. She notes that while AI applications are beginning to broaden across industries, the process is still in its early stages.
When considering other opportunities in the chip sector, Tengler points to AMD (AMD), describing it’s position as “a good, solid number two spot.”
#youtube #ai #news #tech

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance

Share on: