Nvidia Stock Plunged Again Monday. Is This a Great Chance to Buy?
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Nvidia's stock fell nearly 9% on Monday, continuing a downward trend after a strong quarterly report. The decline is attributed to investor fears over potential export controls on AI chips, particularly regarding sales to China and other Asian countries. Despite these concerns, analysts suggest this may be a buying opportunity, as Nvidia's revenue grew 114% last fiscal year, and the stock is currently valued at 26 times expected earnings, below its three-year average of 35 times.
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