Nvidia (NVDA) has shed an astounding $800 billion in market cap since it hit its all-time high in mid-May. The company, while still worth close to $5 trillion, is back down to valuation levels relative to trailing earnings that it hasn’t seen since 2019.
Investors should take advantage of the dip. The sell-off more closely resembles a sector rotation than a red-flag warning about Nvidia’s business, as other semiconductor companies also were hit hard recently.
This post originally appeared at The Motley Fool.