Yes, the big first-quarter loss was disappointing as was the current quarter outlook. If the e-commerce giant does slip below $2,000, it will likely be an important psychological milestone that sparks renewed interest in a stock that is facing its first down year since 2014. This would also effectively wipe away the credit the stock received for the hyper online shopping activity caused by Covid-19. ( NASDAQ: AMZN) is flirting with a sub-$2,000 price that would bring it back to where it was at the start of the pandemic. Less than a year removed from reaching the $3,700 level,, Inc. As these and other growth prospects play out, the stock's valuation will be reset. In fact, the growth story has only been solidified since the start of the year after NVIDIA launched groundbreaking products for AI infrastructure and deep learning. The stock's downturn has been all about a valuation reset rather than a flaw in the fundamentals. Dozens of blue-chip companies rely on NVIDIA connectivity solutions to power their data centers such as Pepsi, Salesforce, and T-Mobile. More than 3 million developers across the globe are using the platform to create new software. Together, NVIDIA's full-stack technology is positioned to serve industries valued at $1 trillion. Three powerful NVIDIA platforms focused on high power computing (HPC), artificial intelligence (AI), and Omniverse will continue to drive innovation for years to come. It has exposure to four large, growing end markets-automotive, data centers, gaming, and professional visualization. The founder-led company's long-term growth potential remains outstanding.
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