Alright, so Nvidia is having an absolutely brutal November, wiping out all of its 2026 gains and losing a staggering $470 billion in market value in just two days. Shares plunged, making it the company’s worst slide since 2022. The big question everyone’s asking is whether this is just a temporary hiccup for the AI chip giant, or if we’re seeing the first signs of the AI bubble finally bursting. It’s definitely not looking good right now for anyone holding Nvidia stock.
So, what’s behind all this drama? Well, it’s a bit of a mess. There’s a serious investigation brewing over a suspected Chinese espionage case involving a former executive and Nvidia CEO Jensen Huang, with some members of Congress even threatening subpoenas. On top of that, the White House is eyeing new export restrictions on AI chips to China, which could hit Nvidia hard. And just to pile on, Google’s rolled out new competing chips, and analysts are downgrading Nvidia’s stock and slashing its price targets. It’s a perfect storm, to say the least.
But hold on, not everyone is panicking. John Koetsier from Forbes chatted with investing expert Ian Dunlap, who’s been spot-on about Nvidia’s potential for a while now. Dunlap actually sees all this turmoil as a “tremendous buying opportunity” for long-term investors. He’s looking to snap up shares in the $93 to $124 range – which is quite a bit lower than where they are now, showing he’s waiting for an even better deal.
Dunlap has a lot of faith in Jensen Huang as a CEO, calling him “once-in-a-lifetime,” but he’s also keeping a close eye on the company’s CFO and the board’s long-term leadership. Despite all the current noise and fear, Dunlap’s ultimate prediction for Nvidia five years down the line is pretty clear: people are going to regret not buying in during this dip.