NVDA Stock: Is Nvidia a Buy Now After Facing Weeks of Hurdles?

On Tuesday, markets stabilized after Monday’s $6.4 trillion global equity drop. Nvidia (NASDAQ:NVDA) stock rose over 2% in premarket trading, with other megacap ‘Magnificent 7’ stocks also seeing sharp rebounds. On a year-to-date basis, NVDA stock is still up more than 100%, though it’s down considerably from its recent peak, shedding more than $650 billion from its peak market capitalization at the time of writing.There are several reasons for Nvidia’s recent drop that are wroth discussing. The company ann ...