“Prediction: Nvidia’s Stock Correction Will Lead to Outsized Gains in the Second Half of 2024”
July 24, 2024
“…But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month. Nvidia shares recently traded as much as 13% below the closing record high set on June 18. And buying quality stocks in periods of corrections or bear markets is one of the best ways to generate market-beating returns…
The recent pullback isn’t the first time Nvidia investors dragged the stock lower by taking profits. In the second half of 2022, Nvidia’s sales plunged nearly 20% compared to the prior-year period as chip demand from gaming and cryptocurrency-mining users crashed. That helped lead to a sell-off that knocked Nvidia shares down by more than half in 2022…”
https://finance.yahoo.com/news/prediction-nvidias-stock-correction-lead-113000939.html
It seems to me as this article speaks as if Nvidia correction is over. I don’t believe this to be true. The correction I speak of will be when the market crashes due to the commercial real estate market. To be fair this could happen as late as 2026 in my opinion.