Cathie Wood Just Bought Nvidia Stock, Is It Finally Time to Buy?

Nvidia stock has declined 17% since its May peak, but the company's fundamentals remain strong with 85% year-over-year revenue growth and more than doubled profits. Cathie Wood's Ark Invest is buying Nvidia across five ETFs, viewing the stock as undervalued at 15-16x forward earnings despite robust growth. While headwinds exist including supply chain constraints and trade concerns, the company's dominant position in AI accelerators and strong guidance support the bullish case.