Multiple analysts saw Monday’s sharp semiconductor pullbacks as overdone. One said they could prove “a buying opportunity in hindsight once the dust settles.”

Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"

Nvidia (NASDAQ: NVDA) stock saw a dramatic sell-off in Monday's trading following developments that have raised questions about the demand outlook for its advanced processors. The artificial intelligence (AI) leader's share price closed out the day's trading down 17.