Markets began the week with investors around the world running for cover. In any sell-off, some of the stocks hit hardest are growth stocks that have risen the most. These include advanced chip maker NVIDIA (NVDA 3.59%).

Although the market has recovered somewhat this week, the successful stock is now down around 25 percent from its record closing price in mid-June. However, one Wall Street analyst believes that Nvidia’s share price drop represents a great opportunity for investors.

Oppenheimer analyst Rick Schafer just released his latest research note, explaining that investors could gain around 50% on Nvidia stock if he is correct in his prediction that the price will hit the $150 per share mark.

Sale due to Nvidia rumors

Selling in Nvidia shares was fueled by rumors over the weekend that a defect in the next-generation Blackwell chip would delay its launch later this year. That chip and its architecture are expected to be very popular with customers seeking the highest available computing power for artificial intelligence (AI) plans.

But Oppenheimer’s Schafer believes that even if these rumors are true, there is no reason for investors to worry, because any delay in Blackwell’s launch will be used to meet excess demand for Nvidia’s existing H100 AI chips.

In his research note, Schafer wrote: “Nvidia’s competitive position remains solid and we do not expect a slight delay to result in a loss of market share. … We see Nvidia as best positioned in AI and benefiting from full-stack AI hardware/software solutions.”

Schafer’s comments make perfect sense. All signs point to a large gap between Nvidia’s current chip capacity and rising demand. While competitors will help fill some of that gap, Nvidia will likely be content to continue selling its existing chips. Blackwell will only fuel those sales further. That makes the correction in Nvidia stock a buying opportunity.