Now let's move on to my prediction. Yes, Nvidia shares have delivered a lackluster performance in recent weeks, but it's important to put that into perspective. The stock still has advanced 144% so far this year and has soared 2,700% over the past five years.

Beijing urged local companies to stay away from the company's chips, according to a report, while the country is promoting domestic chip makers.

Some investors are concerned Nvidia stock can't possibly go any higher. The evidence suggests those fears are unfounded.

Nvidia 's (NASDAQ: NVDA) stock hasn't gone on sale often, but when it has dipped slightly since 2023, it has been a no-brainer buying opportunity for investors. While investors may have missed the bottom of the dip when it was down around 25%, is a 10% discount still a good enough price to pay?

Nvidia (NASDAQ:NVDA) shares have nearly tripled in value over the past 12 months, and the company’s dominance as the undisputed AI chip king