Nvidia stock dipped immediately after the company released its latest financial results on Nov. 20, but that might be a golden buying opportunity.

Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

Nvidia shares could be a buy for investors who view these negatives as a temporary interruption to more rapid future growth and higher margins.

Certain research has shown that investors tend to put too much faith in past earnings. Over time, this leads to a stock being overbought in the lead-up to an earnings release and a short-term dip after the release. What Nvidia is experiencing is very normal.

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"NVIDIA is under pressure to deliver an overwhelming beat to justify its valuation," one commentator said on Wednesday ahead of the earnings report.

If the still-rapid growth of artificial intelligence isn’t pushing the market higher right now, something else will have to do it.

Nvidia reports earnings after the close. Forecasts are bullish, but commentators warn that there's little room for error with the stock at record levels.

Nvidia's Q3 2024 earnings exceeded expectations, but there are concerns over Blackwell chip issues and inventory shifts. Check out my analysis of NVDA stock.