Nvidia shares keep falling. Should you buy the dip? - Fortune

NVIDIA Corp. shares jumped more than 2% on Thursday, after the chip maker said it expects to post a record revenue in the third quarter as demand for its graphics processing units continues to surge. Nvidia's data-center business is also growing rapidly, with revenue up 50% year-over-year during the second quarter. The strong performance comes amid a shift toward artificial intelligence and machine learning technologies, which require advanced chips. Nvidia's GPUs are used in deep-learning algorithms that power self-driving cars, drones, medical devices and other AI applications. Investors who buy NVIDIA now might not completely miss the boat as Zino believes the shift towards AI-enabled devices and connected devices is a permanent one.