Shares declined nearly 13% since Thursday as investors rotated out of the stock, which hit a record-high close exactly one week ago when it"I think it's way overblown. I don't think people should be nervous about what's happening with Nvidia," Kenny Polcari, managing partner at Kace Capital Advisors, told Yahoo Finance on Tuesday.“I would use this weakness as an opportunity," he added, noting the timing of the decline.
“We’re at the end of the quarter, so it’s a quarter-marking period. You’ve got a lot of big assets that are trying to reshuffle and rebalance," he said.On Tuesday, Nvidia's market cap climbed back to hover around the $3 trillion market cap, though it was still below the valuations of Microsoft or Apple Buy 500 Shares of This Super Dividend Stock for $1,830/Year in Passive Income
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