Market Bull: NVIDIA Strategist Tom Lee Cautions Against Potential 10% Pullback

Tuesday, 3 September 2024, 20:30

Market Bull Tom Lee warns that NVIDIA may face a 7%-10% pullback in September due to market volatility. He emphasizes caution while preparing to 'buy that dip.' This strategy signals potential market adjustments and opportunities for investors.
Benzinga
Market Bull: NVIDIA Strategist Tom Lee Cautions Against Potential 10% Pullback

Tom Lee's Current Market Outlook

Market Bull Tom Lee, a respected equity strategist, has expressed caution regarding NVIDIA (NASDAQ: NVDA) and the broader equities market. Lee predicts a notable pullback of 7% to 10% in the upcoming weeks, driven by increasing volatility and adjustments within market dynamics.

Investment Strategy Moving Forward

While urging investors to tread carefully, he stresses the importance of being prepared to 'buy that dip'. This approach suggests that savvy investors could capitalize on potential price corrections, particularly with strong performers like NVIDIA.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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