I’ll admit that I’m a tech stock bull – even after the sector’s poor performance this year, fears of overspending by some big names have taken their toll. Consumer and energy stocks are the biggest drivers of the market right now, with tech stocks taking a little breather.
Does this mean you should pull your money out of tech stocks? Not at all. Every sector—even the entire market—sees a dip every now and then. That’s the cyclical nature of the market at work.
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And while it can be tempting to try to time the market and move your money back and forth, this is rarely a profitable way to invest. More often than not, you will time your purchases wrong and miss the opportunity to profit from the rebound.
You can clearly see this dip when you think about it Roundhill Magnificent Seven ETFwhich holds stock in all seven companies in the “Magnificent Seven”. Shares in the ETF are now about 9% off their all-time highs.
But I think there’s at least one Magnificent Seven stock worth buying right now. And that’s the biggest company of all, Nvidia (NASDAQ: NVDA ).
There are some tech stocks, viz Amazon, Alphabet, Meta Platformsand MicrosoftFewer these days are due to concerns over spending on the advanced infrastructure required to build data centers to run cutting-edge artificial intelligence (AI) platforms. Some analysts worry that these companies, which plan to spend up to $700 billion this year alone, may not make enough money on the back end to make the investment worthwhile.
But Nvidia doesn’t have that problem because it’s a company sales Key pieces of infrastructure — specifically, the graphics processing units that hyperscalers must purchase by the hundreds to bundle into their data centers. That means Nvidia’s profits are pretty much off—especially when you consider tech companies’ overwhelming demand for Nvidia’s products.
Sales in the fourth quarter of fiscal 2026 (ended Jan. 25) rose 73% to $68.1 billion from a year earlier. And that’s before you factor in Nvidia’s new Ruby chip that’s on sale this year. The Rubin chip is more powerful and efficient than Nvidia’s Blackwell and Hopper chips, which continue to drive the company’s sales.
