Best Mag7 dip buys: NVIDIA leads on valuation, Alphabet on RSI Investing.com Thu, November 5, 2026 at 4:06 PM EST 3 min read NVDA -9.07% GOOG -2.71% META -4.93% AMZN -3.58% MAGS -5.78% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- The Mag7 are being sold off together today, but they aren't equally cheap. Roundhill Magnificent Seven ETF (MAGS) is -4.61% at $67.04 (as of Nov 5, 2026, 3:34 PM EST). Articles from today tie the move to AI-spending worries and fears of tighter AI regulation after the midterms. One strategist called it "an emotional sell-off" driven by hedge fund de-leveraging. Read more (Nov 5, 2026)
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All figures are as of Nov 5, 2026, 3:34 PM EST. Forward P/E dates vary by company's fiscal year.
NVIDIA has the strongest case on the numbers:
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Deepest discount: its fair-value upside of +61% is the largest of the group, and the analyst target implies +78.7%.
Oversold: RSI of 33.6 is near the oversold zone (below 30). RSI measures how stretched a recent move is.
Cheap for its growth: its PEG of 0.20 (as of Jul 31, 2026) is very low. PEG is P/E adjusted for growth.
Falling this week: it is down 6.3% over the past week, the sharpest drop of the seven.
The risk is that NVIDIA sits at the center of the AI infrastructure story. An analyst quoted today noted that anything AI-related is "down more than anything not related to AI." A regulatory slowdown would hit its demand outlook directly.
Alphabet: it is the most oversold (RSI 28.6) and has the lowest forward P/E (15.3x). Its fair-value upside is only +3.8%, so the model says it is roughly fairly valued, not deeply discounted. Today's coverage notes that Alphabet's and Meta's recent earnings failed to ease worries about AI spending returns. Read more
Meta: its +40% target upside and RSI of 36.8 make it a decent candidate, but it shares the same AI-capex worry as Alphabet.
Apple and Tesla: both trade above model fair value (-24.3% and -21.3%), so there is no real dip discount. Tesla's forward P/E of 248.4x is a stretch.
Microsoft and Amazon: both have RSI near 60 or higher, so they haven't sold off much, and they have little dip to buy.
Bull case: NVIDIA combines a deep valuation gap with oversold momentum. If the sell-off proves emotional, as the quoted strategist suggests, the rebound potential is largest here.
Bear case: investors may be shifting from growth to value, and a fall in AI spending would hurt NVIDIA most. Its low RSI says it is oversold, not that it has bottomed.
Takeaway: NVIDIA offers the most upside on the data, and Alphabet is the lower-risk, cheaper-multiple alternative. Scaling in over several days is one way to handle a falling market.
Fair-value and analyst-target figures are model estimates, not guarantees.
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