Is It Time to Buy NVIDIA?

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NVIDIA Corporation (NVDA) stock posted historic gains in 2016 and 2017, rising to market leadership on the heels of a cryptocurrency boom that drove sales of high-performance graphics cards. The furious uptrend for NVIDIA continued for months after bitcoin and its cousins crashed off unsustainable highs, generating new highs into October’s all-time high at $292.76. The stock has been crushed since that time, spiraling lower in a brutal decline that has now exceeded 50%.

Fortunately, the calendar holds a little good news for battered shareholders, with this week making the final phase of year-end tax-selling season. Everyone who has bought and held the stock in a non-retirement account since May 2017 has incurred a capital loss that


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