Nvidia is down 13%, why it seems a buying opportunity. Investors back share and bitcoin platforms. Australia announces biggest renewable energy tender yet

Secondly - consider is that regardless of the outcome, right now, investors are still finding compelling investing opportunities. They’re chasing and buying momentum plays. Tesla shares hit a new high, Bitcoin hit $108,000. Investors are buying more Bitcoin ETFs such as IBIT $iShares Bitcoin Trust (IBIT.US)$ and stocks that benefit from more bitcoin and share trading, such as Coinbase $Coinbase (COIN.US)$, Trade Desk $The Trade Desk (TTD.US)$, Futu $Futu Holdings Ltd (FUTU.US)$, Robinhood $Robinhood (HOOD.US)$and CME $CME Group (CME.US)$ .

Thirdly and importantly consider that investors are about to be presented with compelling dip buying opportunities. We’ve seen investors continue to rotate out of blue-chip names, selling down on Nvidia $NVIDIA (NVDA.US)$ , which has pushed it into correction territory, down 13% from its high.

But each time Nvidia $NVIDIA (NVDA.US)$ has been in a correction or even bear market (down 20%) it always recovered and then hit new record highs. This will be the fourth time this year Nvidia has seen a big pull back. In March it fell 20% and then hit new record high. IN June it fell 33% and then later hit a new record. Nvidia’s recovery will probably happen again as its results highlighted showed companies like Microsoft, Meta, Amazon are not slowing down on their orders of Nvidia’s GPUs.

Fourthly, consider Australian stocks. The Aussie share market opened marginally higher today with slight gains in copper, gold and oil prices lifting sentiment. While eyes are on battery metal companies. The Australian government committed to giving $100 million to committed Neoen, a renewable energy operator in Australia. It’s a part of Australia’s biggest renewable tender in history. The government is attempting to move from coal-fire power, to having 32 gigawatts of renewable capacity by 2030. There’s 19 projects in total, from solar, to wind and battery projects, and it will power 3 million households. So far we also know the projects will be operated by Neoen, BP and Andrew Forrest’s Squadron Energy. The liberal government is opposed to the projects with Peter Dutton saying he will introduce nuclear power if he wins the Australian election next year. So perhaps that’s cause keep nuclear companies on your radar. So keep nuclear investments on your radar, such as URA $Global X Uranium ETF (URA.US)$ the world's biggest uranium ETF.