--- title: "As Nvidia's stock heads for a bear market, bargain hunters see a golden buying opportunity" type: "News" locale: "en" url: "https://longbridge.com/en/news/304514173.md" description: "Nvidia's stock is approaching bear-market territory, down over 20% from its peak, driven by tech sector jitters post-election. Despite the selloff and $415 billion market cap loss, portfolio managers view this as a buying opportunity. They cite resilient AI chip demand, strong underlying fundamentals, and Nvidia's competitive moat. Experts suggest the decline represents a valuation reset rather than a broken thesis, with expectations of continued revenue growth and sustained infrastructure spending." datetime: "2026-11-05T18:59:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304514173.md) - [en](https://longbridge.com/en/news/304514173.md) - [zh-HK](https://longbridge.com/zh-HK/news/304514173.md) generator: "portal-rs" --- # As Nvidia's stock heads for a bear market, bargain hunters see a golden buying opportunity By Britney Nguyen Portfolio managers say chip demand should be resilient even in a period of political uncertainty The election results have added to jitters about the tech sector, with Nvidia shares now off more than 20% from recent highs. Nvidia's stock was pacing toward bear-market territory Thursday afternoon as the selloff in technology stocks escalated. The chip maker's stock (NVDA) was down more than 8% in midday trading, putting it on pace for its largest percentage decrease since March 2025, according to Dow Jones Market Data. Shares have lost 23.5% from their peak close on Oct 6. A bear market is defined as a fall of 20% or more from a recent peak. Nvidia was also on track to lose $415 billion in market capitalization Thursday, which would be its second-largest one-day decline, according to Dow Jones Market Data. The company has seen $1.4 billion in market cap evaporate since the peak a month ago. On Thursday, investors are "sorting through the economic reality where the AI buildout is the driver of the economy," Michael Monaghan, a portfolio manager at Founder ETFs, told MarketWatch. Following the midterm elections, investors have been worried that Democrats will put up more roadblocks to data-center expansion. Monaghan attributed the day-to-day volatility to hedge funds trading with high leverage and tighter risk limits. As shares of companies start to fall, Monaghan said those traders have to pull out quickly, which can lead to larger intraday moves. But that also means the market can turn around just as fast, he added. Nvidia's revenue is expected to grow 70% next year, Monaghan said, and despite concerns over a halt to data-center construction, he said building will likely continue, and therefore demand for chips will remain strong. Going into Nvidia's earnings report later this month, Monaghan sees a buying opportunity given the stock has been battered. Investors will start to see the impact from Nvidia's new Rubin chips, he said, noting that SpaceX (SPCX) just signed a $40 billion financing deal with Apollo Global Management (APO) to secure the chips. The underlying fundamentals of strong AI spending and demand are still intact, he said, and "when a stock price moves in opposite direction of the fundamentals, those typically become very good setups." David Wagner, a portfolio manager at Aptus Capital Advisors, told MarketWatch that Nvidia is trading more cheaply because investors are worried about how intertwined its earnings are with the massive amounts of spending on AI infrastructure that could eventually slow down. Still, "Nvidia likely has a wider moat than any other AI player, between its chips, its software ecosystem and the fact that developers are built around it," he said in emailed comments. Therefore, if investors believe that AI will be a multi-year buildout, the decline Thursday "looks more like a valuation reset than a broken thesis," he said, adding that Nvidia's stock looks like it's gone "on sale." -Britney Nguyen This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 11-05-26 1359ET ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [ANV.US](https://longbridge.com/en/quote/ANV.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [NVC.US](https://longbridge.com/en/quote/NVC.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVIB.US](https://longbridge.com/en/quote/NVIB.US.md) - [NVII.US](https://longbridge.com/en/quote/NVII.US.md) - [NVIT.US](https://longbridge.com/en/quote/NVIT.US.md) - [NVW.US](https://longbridge.com/en/quote/NVW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [APO.US](https://longbridge.com/en/quote/APO.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) ## Related News & Research - [EXCLUSIVE-Nvidia chips pile up in Hong Kong as China withholds import approval](https://longbridge.com/en/news/304441352.md) - [Nvidia (NVDA) Faces $70B China AI Chip Backlog as Supply Falls Short](https://longbridge.com/en/news/304289828.md) - [Here's What $10,000 Invested Equally in SpaceX and Nvidia Could Be Worth in 2030](https://longbridge.com/en/news/303827631.md) - [CN Clients Reportedly Get Only ~1% Supply of USD70B RTX Chip Orders Amid NVIDIA Capacity Crunch](https://longbridge.com/en/news/304209532.md) - [Sacks & Associates LLC Purchases 14,570 Shares of NVIDIA Corporation $NVDA](https://longbridge.com/en/news/304088971.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**