Tom Lee says buy the dip in NVDA despite sharp selloff and Huang's resignation
FROM THE WIRE · SEEKINGALPHA.COM
[Moscow, Russia - April 7, 2019: NVIDIA microchip on the motherboard] Antonio Bordunovi Despite a sharp selloff in Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) shares Thursday, Fundstrat Global Advisors' Tom Lee says investors should “buy the dip in NVDA”. Lee argues…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA sharp drop in a mega-cap after the CEO's resignation can weigh on the tech and semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Despite a sharp selloff in Nvidia shares on Thursday, Fundstrat's Tom Lee says investors should buy the dip in NVDA.
- 02Lee argues Nvidia will remain the most important company in the world even after CEO Jensen Huang's sudden resignation.
- 03The stock traded near $164.70 in the afternoon, down roughly 5%, after briefly touching $148.80, its lowest since June 2025.
- 04Shares sit about 32% below their all-time high of $243.37, set on October 6.
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Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets