As Nvidia Stock Hovers Around 52-Week Lows, These Investors Remain Confident: Here's Why

Zinger Key Points
  • Josh Brown isn't paying much attention to the near-term weakness in the semiconductor space.
  • "I'm a long-term owner of [Nvidia] and I'll buy more of it if it gets too much cheaper," Bryn Talkington says.

NVIDIA Corp. NVDA shares hit 52-week lows on Tuesday, building on the VanEck Semiconductor ETF's SMH worst week since January. Despite the recent declines in the chip space, a pair of Nvidia investors remain focused on the bigger picture.

What To Know: Ritholtz Wealth Management's Josh Brown acknowledged that Nvidia could face demand headwinds in the short term, but he's focused on the long-term potential of the company.

Brown isn't paying much attention to the near-term weakness in the semiconductor sector. Instead, he owns Nvidia stock because of its product roadmap and strategy. He expects such to carry the stock higher over the next 10 or 15 years, he said Tuesday on CNBC's "Fast Money Halftime Report."

Requisite Capital Management's Bryn Talkington agreed with Brown and noted that she is using a similar approach. 

"Nvidia is at really the intersection of so many important technologies that are going to be growing over the next five and 10 years," she said.

Talkington told CNBC that if technology names continue to trade lower amid supply chain disruptions, Nvidia will likely move lower alongside tech stocks.

"But long term, it's such an important company in the whole technology space, so I'm like Josh, I'm a long-term owner of it and I'll buy more of it if it gets too much cheaper," Talkington said.

See Also: This Chipmaker Has A Better 5-Year Return Than Amazon, Apple, Nvidia, Microsoft, Ford, Wells Fargo And Starbucks

NVDA Price Action: Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.

The stock was up 1.19% at $146.99 at time of publication.

Photo: courtesy of Nvidia.

Posted In: Bryn TalkingtonCNBCJosh BrownLong IdeasTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.