
Is Nvidia Stock Still a Buy Amid Increased Competition & China Headwinds
Losing steam in recent weeks, Nvidia (NVDA) stock has now dipped 4% from a 52-week peak of $184 a share, which it hit in early August.
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Losing steam in recent weeks, Nvidia (NVDA) stock has now dipped 4% from a 52-week peak of $184 a share, which it hit in early August.
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In the current session, the stock is trading at $369.42, after a 9.73% spike. Over the past month, Broadcom Inc. AVGO stock increased by 19.57%, and in the past year, by 124.58%.
Broadcom AVGO has outperformed the market over the past 5 years by 44.81% on an annualized basis producing an average annual return of 58.72%. Currently, Broadcom has a market capitalization of $1.73 trillion.
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