NVIDIA vs. Tech Stocks
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Is NVIDIA Corp. (NASDAQ:NVDA) the Best Tech Stock to Buy For Long-Term Investment?
79% Informative
Chris Verrone , chief market strategist at Strategas Research Partners , appeared on CNBC ’s Closing Bell ’ to talk about his outlook on the tech sector.
Verrone believes that the current downturn is more than a typical 10% correction so it will take some time to figure out the market's true direction.
He highlighted the resilience of financials during the correction and contrasted it with the weakness of tech.
He thinks that unlike financials that entered the correction as leaders, tech might not be able to regain the leadership role.
NVIDIA Corporation (NASDAQ: NVDA ) was the Fund’s top performing stock, delivering a stellar return of +177.7% over the year .
Since the beginning of last year , Nvidia 's Hopper ’ GPUs have been at the centre of exploding demand for chips powerful enough to facilitate the energy intensive requirements of AI processes within datacentres.
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