Nvidia just delivered another knockout quarter and the stock went down anyway. I don’t think that’s about Nvidia at all, it’s about a market that’s suddenly more scared of AI debt than impressed by AI headlines.

At the AI Summit 2024, NVIDIA unveiled bold new initiatives—partnering with Foxconn for Taiwan’s largest AI supercomputer, transforming healthcare with AI agents, and driving next-gen cybersecurity tools.

AI’s Hottest Stock Bounces Back After a Rough Patch

On Friday, the semiconductor industry finally saw its bubble burst. Many have been calling for a reset in prices on semiconductor stocks and we definitely got one.

So here’s what I’m expecting for the second quarter and I’ll throw in a couple of bold predictions as well!

In terms of its multiple, NVIDIA trades at a smaller forward PE ratio than the likes of Tesla (NASDAQ: TSLA) or Amazon (NASDAQ: AMZN).

Now that NVIDIA (NASDAQ: NVDA) saved the market again, is it finally time to buy?

Let’s examine the bear and bull case for NVIDIA’s earnings next Wednesday.

In Part 3, I spoke about Robinhood (NASDAQ: HOOD),dividend ETFs, and owning SQQQ as a hedge against market volatility.

Beyond the Hype: Is NVIDIA's Growth Built to Last?