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Nvidia (NVDA) stock's sell-off looks overdone to me, ahead of Q3 earnings. The artificial intelligence (AI) computing giant remains about 22% below its 52-week high after Friday's premarket rebound. Yet CEO Jensen Huang reminded us just two weeks ago that "Demand is extraordinary. Capacity is the constraint." That hardly describes a business losing any momentum. I believe political uncertainty deserves attention, but recent deployments suggest the global buildout continues. With Fiscal 2028 earnings valued around 12x at today's share price, I think the decline offers an unusually attractive entry point. Thus, my NVDA stock forecast remains bullish.
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