Nvidia (NVDA) shares fell 3% on Friday amid an overall tech stock falloff. Following its earnings report that beat expectations on Wednesday, investors were still left concerned and sent the stock lower. While the chipmaker’s earnings this week weren’t the blowout Wall Street was hoping for, they did show that its sales are still climbing faster than those of the technology universe more broadly. Thus, could this temporary dip present a buying opportunity for investors to jump into Nvidia NVDA stock again?

NVDA stock is actually trading lower despite analysts raising their earnings estimates. Nvidia traded at less than 33 times projected profits as of Thursday’s close, down from 35 three weeks ago. However, forecasts remain optimistic, with predictions ranging as high as $380. “If you went back a few years, people would’ve said that there’s no chance a company this big could grow this fast,” says Bill Stone, chief investment officer at Glenview Trust. “The valuation is certainly not out of bounds, especially relative to hyper-growers.”

Previously, Options traders suggested that Nvidia (NVDA) could see a $260 billion swing in market value following its Wednesday Q2 earnings report. However, the semiconductor giant hasn’t fulfilled that projection yet. Fortunately, Analysts are viewing the Nvidia stock decline as potentially overblown right now. Wolfe Research’s Chris Caso called the guidance “a touch low” but confirmed Blackwell chips remain on track. Despite short-term Nvidia stock volatility, WedBush Securities has maintained bullish forecasts for AI infrastructure demand.

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Some Wall Street experts see the Nvidia (NVDA) stock reaction as a buying opportunity, with underlying AI fundamentals supporting long-term growth despite current China-related headwinds that are affecting Nvidia stock performance at the time of writing. At press time, NVDA is trading near the top of its 52-week range and above its 200-day simple moving average. Analysts remain bullish that the stock will rebound, making the present a solid buying opportunity for investors.

According to CNN Business, Nvidia (NVDA) is currently a 9/10 stock choice on the market. Out of 65 analysts surveyed by the platform, 89% suggest buying the stock, while 9% suggest holding, and only 2% think now is the time to sell.

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