Why Nvidia Stock Looks Like a Bargain Right Now

Nvidia's stock has declined 22% from its all-time high despite doubling revenue in its latest quarter to $96.2 billion, with data center revenue up 117% to $89 billion. Management projects third-quarter revenue of $108 billion with 74% gross margins. The pullback reflects concerns about AI infrastructure costs and political opposition to data centers, but strong demand indicators and the Vera Rubin platform entering full production suggest the sell-off presents a buying opportunity.