The semiconductor powerhouse Nvidia, which was among the most
prominent tech winners in the year, has seen its stocks trail below 30%
compared to the peak. It reflects the cold sentiment prevailing in the
tech sector over the past months.
Nvidia chips are in high demand because of their extensive use in
computers, mobile devices, video games, data centers, and automotive
applications. With the ever-expanding space of artificial intelligence and
auto-driven vehicles, the demand for chips is growing exponentially.
Investors should not forget the excellent Q3 performance of Nvidia
when it registered revenue of $7.1 billion, which translates into 50%
growth. After such a massive decline, the track records still speak n favor
of Nvidia, which can be a good investment in the long term.