Nvidia Stock Just Did Something It Has Never Done Before. History Says the AI Stock Could Do This Next.

Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

Nvidia's Q3 2024 earnings exceeded expectations, but there are concerns over Blackwell chip issues and inventory shifts. Check out my analysis of NVDA stock.

Certain research has shown that investors tend to put too much faith in past earnings. Over time, this leads to a stock being overbought in the lead-up to an earnings release and a short-term dip after the release. What Nvidia is experiencing is very normal.

Artificial intelligence plays Taiwan Semiconductor and Tradeweb Markets lead this week's list of stocks to watch. Nvidia chipmaker Taiwan Semiconductor is basing, while Tradeweb closes in on a buy point near record highs.

Nvidia’s AI growth story is far from over. The company’s new Blackwell graphics processing unit seems to have limitless demand, which bodes well for the company’s stock price.On Wednesday, Nvidia reported another quarter of stunning revenue.

Nvidia stock dipped immediately after the company released its latest financial results on Nov. 20, but that might be a golden buying opportunity.

If the still-rapid growth of artificial intelligence isn’t pushing the market higher right now, something else will have to do it.