Nvidia stock is approaching a proper buy point as the artificial intelligence chip leader received some reassuring news this week.

NVIDIA dips below its 50-day moving average. Read our analysis of the stock’s momentum, valuation, and upcoming Q2 earnings outlook.

NVIDIA (NASDAQ: NVDA) stock rallied nearly 3% on Tuesday as global tech buyers flooded back into artificial intelligence leaders, backed by an aggressive $330 price target hike…