NVDA Rally Over? Is the Pullback the Best Buying Chance?

Is Nvidia’s Sudden Slide a Signal to Buy?

Nvidia (NVDA) has been on a tear, climbing more than 95% year‑to‑date before the price slipped back on March 8.

The Current Pullback

Since that dip, the share price has fallen a whopping 13.6% from its March high of $974. That’s deeper than the “soft” 12% pullbacks‑usually‑good ones we’ve seen in 2023‑24.

What Analysts Are Saying

“It’s too early to call it a straight‑up or a drag,” says Cory Mitchell from Trading.biz. “Pullbacks under 12% have historically bounced back. Over 12%? That’s a red flag for a more chaotic or bigger decline.”

Mitchell adds, “If the price starts climbing again very soon, the up‑trend stays intact. If it keeps sliding, expect a month or more of choppiness or a larger fall.”

Nvidia’s Fundamentals – Still Solid

P/E (current): 67.6 – looks steep at first glance.
Forward P/E (2026 estimate): 28.7 – much more reasonable.
Analysts forecast a 30% annual earnings growth for the next five years.
EPS growth (last 5 yrs): 48.3% average.
PEG (price vs. 5‑year earnings growth): 1.0 – fairly valued.
Morningstar rating: “A” for financial health.

Why the Pullback Matters

Since late 2022, when pullbacks stayed under 12%, Nvidia usually kept rallying. For pullbacks >12%, swingy trading often follows – the price can shuffle back and forth or dive deeper.

A look back: a 57% rally in late 2022 was followed by just an 11.3% slide and a new rally of 25%. Then a 12%+ drop that turned into a 26% decline.

Bottom Line – Pick Your Play

If you’re eyeing a bargain, a 13.6% slide could be a chance to get in – but keep an eye on the next move. A quick rebound is all you need to keep the up‑trend alive; an extra dip might signal a longer shaky run. Either way, Nvidia’s fundamentals are still strong enough to keep its future in the conversation.

Price Roller‑Coaster 2023–2024: What’s Next?

Picture the market as a wild amusement park ride: a steep ascent, a sudden dip, a quick rebound, and then a long wait. That’s exactly what the price has been up to in the last few years.

Memory Lane: The 2023 Highlights

Jan 2023 – +66 % spike, then a –11.4 % slide followed by a +105 % climb.
Short after, a –10.9 % pullback set the stage for a +29 % rally.
Another drop of –16 % left the market jittery for months—think of it like the “choppy” part of the merry‑go‑round.

2023–2024 Continuation

From late 2023 into early 2024, the price surged again: +66 % followed by a modest –11.2 % decline.
A brisk +47 % rally was then knocked by a –13.6 % pullback, the current “slip‑back” we’re watching.