Nvidia stock: Now is the time to scoop it up, analyst says

Nvidia (NVDA) has fallen from its heights in June with the overall tech sector taking a bit of a hit in the recent market sell-off. Is it a buying opportunity?
New Street Research technology infrastructure analyst Antoine Chkaiban joins Catalysts to give insight into why he believes it’s a good opportunity to buy Nvidia despite the recent downturn and economic landscape.
Chkaiban affirms his position on Nvidia, saying that despite concerns around the macro-environment and a potential Blackwell delay, he still expects Nvidia to “remain dominate in a market that is growing very, very fast.”
In terms of the future, Chkaiban claims: “I think that for 2025… things are fairly well set. You can look at things from multiple angles. We talked about the hyperscalers’ cap-ex earlier. We know roughly how much they expect to grow cap-ex. Plans are already set. They already have a plan to train the next generation of the GPT models and the next generation of Gemini models. I think here there’s probably limited room for much changes in plans.”
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