NVIDIA (NVDA) Stocks are starting to rise after a big drop that 900 billion dollars deleted in market value.

Nvidia’s share price rose 5% on Tuesday morning. Ahead of the company’s quarterly report release on August 28, analysts at Goldman Sachs said (GS) and Bank of America (BAC) say the stock is about to make a comeback – but it might take a while.

Bank of America’s Vivek Arya called Nvidia one of the best “recovery” stocks in a note to investors on Monday. While he noted that Nvidia’s volatility could continue into September, he said a recovery is likely in the fourth quarter as “seasonal headwinds subside.”

Scott Rubner, technical strategist at Goldman Sachs advised investors to “buy when prices fall”, He noted that the stock market could see a turnaround in late August as markets reach new highs following the U.S. presidential election in November.

In July, global chip stocks, including Nvidia, fell in response to a Bloomberg report that the Biden administration is considering applying its strictest export controlsThe Rule for foreign direct productsto prevent the sale of sophisticated chip manufacturing equipment to China. Chip stocks also fell Comments on Taiwan by former President and Republican candidate Donald Trump. The massive chip sell-off, according to analysts at Jefferies, (JEF) and Bank of America said: was an overreaction. Then in August Reports of design defects and production delays of the company’s latest and most powerful Blackwell series sent shares falling further. Adding to the company’s worries is investor skepticism about high AI bills at Nvidia’s biggest customers, including Microsoft (MSFT) and Google (GOOGL).

Arya noted that Nvidia gave no indication of delays at Blackwell during a recent presentation, adding that he believes concerns about whether Nvidia’s customers will monetize AI are unfounded.

“Adoption of AI in the enterprise and at the sovereign level has not yet begun on a large scale,” Arya said, adding that Nvidia’s “flagship product, Blackwell AI, which is best suited for AI, is not even shipping yet.”

“In other words, in our view, waiting for major cloud providers to admit the low ROI for AI is a waste of time.” In general, Arya believes that Nvidia will not see a decline in orders from its major technology customers – in fact, he believes the opposite will be true.

Britney Nguyen contributed reporting.