NVDA stock price has dipped by 2.14% today; taking a break from the long bull trend.
The short pullback is a perfect opportunity for investors to cash in since the stock is expected to return to profitability very soon because of the increasing demand for personal computers that implies a strong demand for Nvidia chips.
To help stock investors interested in investing in Nvidia stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is NVDA stock?
Nvidia stock is the stock of Nvidia Corporation and it trades on the NASDAQ Stock Exchange under the symbol NASDAQ: NVDA.
Nvidia Corporation is an American multinational technology company that designs graphics processing units for the gaming and professional markets, as well as system on chip units for the mobile computing and automotive market.
The corporation is based in Santa Clara, California and it is incorporated in Delaware.
Should I buy NVDA stock today?
If you want to buy a stock dip you can take advantage of the NVDA stock price dip. The stock has been on the rise since January 2019 and it is expected to resume the bullish trend pretty soon.
Nvidia stock price prediction
Nvidia stock (NASDAQ: NVDA) bullish trend is expected to continue following the growing interest for personal computers especially for cryptocurrency and metaverse use cases around the world.
If it maintains the current trend, its price is predicted to hit $400 before the end of the year.