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TipRanks 2022-03-09 11:42:55

Nvidia Stock: What the Risk/Reward Scenario Indicates?

Nvidia (NASDAQ:NVDA) stock has witnessed a pullback recently. For context, NVDA stock has lost over one-third of its value in the past three months. Meanwhile, it is down about 27% this year alone. Profit-taking, valuation concerns, and general selling in the market amid the Russia-Ukraine crisis could be blamed for the decline in Nvidia stock. However, is this pullback an investment opportunity?  Digging Deeper Nvidia continues to deliver stellar financial results on the back of the continued strength in its end markets. Further, the ongoing momentum in the Data Center and Gaming sectors provides a solid base for future growth.

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