- Nvidia got a downgrade from an analyst and tanked 7.6%.
- These things happen after a stock has run up the way Nvidia shares have.
- While one or two softer quarters are possible, they are by no means a foregone conclusion and the long-term growth story is still as compelling as ever.
- There are simply few companies which have similar positions in some of the biggest growth markets today, like AI, VR, IoT, autonomous cars, etc.