Is Nvidia Stock Cheap Enough to Buy?

By Neil Rozenbaum – Oct 14, 2022 at 10:30AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,061B

Today's Change

(3.65%) $29.05

Current Price

$824.23

Price as of April 23, 2024, 4:00 p.m. ET

There might still be more pain ahead before things get better.

In this video, I will be talking about the state of Nvidia (NVDA 3.65%) and whether investors should jump in now that the stock is down 60% year to date. Recently, semiconductor stocks took a hit because of the new U.S. restrictions on selling to China, and Nvidia announced that it could lose $400 million in sales.

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*Stock prices used were the closing prices of Oct. 13, 2022. The video was published on Oct. 14, 2022.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.