Wondering whether to buy Nvidia stock right now is something a lot of investors are doing after NVDA closed down more than 6% on June 8 at around $205, dragged by a broad selloff that hit semiconductor names pretty hard. The Nvidia stock forecast from Wall Street is still pointing well above current levels, and the company’s own CEO went on record telling investors to treat the dip as a discount window. So the real question is whether you should buy Nvidia stock now or wait it out.

Nvidia Stock Forecast, Price Target And Buy Or Wait Analysis

What Drove The Selloff

The retreat started when Broadcom posted quarterly results that fell short of investor enthusiasm, and the ripple went across the chip sector fast. Nvidia, AMD, and also Micron got pulled lower, some of them having recently touched record valuations. Anxiety over AI sector overheating and the prospect of U.S. interest rate increases added to the pressure. South Korea’s Kospi index also saw notable losses as investors scaled back AI-themed equity exposure internationally.

Also Read: Micron vs Nvidia: Is Wall Street Overvaluing MU Stock?

Stocks that took the hardest hits going in were generally the ones with the sharpest prior appreciation, including Micron, whose market value had recently topped $1 trillion, and Marvell, which had surged earlier after praise from Nvidia’s CEO Jensen Huang.

Jensen Huang Calls It A Buying Opportunity

Huang was in Seoul on Monday for a partnership announcement with SK Hynix, a deal targeting advanced memory chips for AI, and reporters asked him about the market moves. He had this to say:

“We’re at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount. Everybody should be very excited.”

Huang also stressed that AI infrastructure development sits in its early stages, and that the current moment marks the start of a much larger buildout still ahead. He has previously compared AI’s eventual role in the global economy to the foundational role the internet ended up playing.

Should You Buy Nvidia Stock Now Or Wait?

The Nvidia stock price target from 62 Wall Street analysts currently averages around $298, roughly 45% above where NVDA trades at the time of writing. Needham reiterated its Buy rating on June 2 with a $270 target. China Renaissance initiated with a Buy and a $319 Nvidia stock price target just days after that. The consensus across the board reads Strong Buy, and the Nvidia stock forecast from those analysts did not shift on account of the recent dip.

On valuation, the case for buying Nvidia stock now gets support from the numbers too. Nvidia trades at nearly half the forward price-to-earnings multiple of Broadcom and about a third of AMD’s, even though Nvidia generates the bulk of actual AI compute revenue right now rather than just promising it down the road. The Rubin chip architecture, expected later this year, also projects to run inference at a tenth of the cost of prior generations, which keeps the Nvidia stock forecast positive well into the next upgrade cycle.

Nvidia’s own projections put global data center capital expenditures at $3 to $4 trillion annually by 2030, with major AI hyperscalers spending $1 trillion in 2027 alone. For investors who missed the first run of nearly 1,400% since 2023, the gap between the current price and the Nvidia stock price target consensus is something worth considering. Whether to buy Nvidia stock now or hold off depends on your time frame, but the business fundamentals did not change this week.