As of the last 2 months, there have been some very interesting progressions in NASDAQ:NVDA's stock. In the beginning of November, they had a drastic price climb (15 percentage points) in the stock due to their announcement of their strong third quarter earnings. Although, a couple of weeks later (the present) their stock has tumbled a considerable 7% and there are many debates on whether the stock shall continue to fall or will have a kickback. Nonetheless, this may present an ideal opportunity to purchase some semi-conductor stocks if it suits your fancy.
For those who have not been following the recent news, Nvidia recently proposed and was acting on an acquisition of ARM a British based semi-conductor company at the hefty price of 40B. The Federal Trade Commission sued Nvidia to have this exchange blocked. Shareholder's were in high hopes for this acquisition as it would benefit Nvidia immensely but the argument that, this would allow them to have an unfair market monopoly has most probably put the "nail in the coffin" for the 'little' business maneuver.
Now the question is, does this price drop make NASDAQ:NVDA quite the attractive purchase for the trader? Personally, I reckon it could be justified based on the trader's frequency of actions. If you plan on holding Nvidia for less than 3 months, you could turn a nifty profit, but if you're looking toward the longer term; you may want to wait for a more considerable price drop as by many investors' standards, it is overpriced.
As usual, other opinions, facts and news are very welcome. Comment away!
TL;DR: Nvidia's price drop as of recent could justify buying for short term trade profits but other wise, 'longer-term' investors may want to wait for a more considerable drop.