University of Kwazulu-Natal

Top Analyst Resets Nvidia Price Target For One Surprising Reason Befor

Bonisiwe Shabane
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top analyst resets nvidia price target for one surprising reason befor

Nvidia stock (NVDA) investors saw a roller-coaster ride ahead of its Q2 earnings release in August. Its share price dropped below $100 on August 5, rebounded, and went up for six consecutive days from the 12th to the 19th. Nvidia traded at around $128 on August 21. Nvidia’s early-month plunge was partly due to the global market turmoil after the yen-carry trade and a potential chip delivery delay caused by a design flaw in the Blackwell architecture. The chip giant remains the AI industry leader, with an 80% market share in AI processors. But rivals like AMD are picking up the pace.

On August 19, AMD announced a 5 billion acquisition of ZT Systems to boost its GPU sales. Nvidia stock lost 2% on the next trading day. GPUs are hardware specialized in performing the matrix calculations required by AI processing. Related: Analysts reset AMD stock outlooks after AI acquisition Chip giant Nvidia (NVDA) is considered to be one of the key beneficiaries of the artificial intelligence boom, thanks to robust demand for its advanced graphics processing units (GPUs). The stock has been under pressure recently due to concerns about valuations of AI plays and growing competition in the AI chip space from rivals like Broadcom (AVGO), Advanced Micro Devices (AMD) and Alphabet-owned...

Nvidia is also facing uncertainty related to chip exports to China amid geopolitical tensions between Washington and Beijing. Despite ongoing pressures, several top analysts remain bullish on Nvidia for several reasons, including its solid track record, strong execution, continued innovation and dominant position in the AI GPU market. TipRanks' AI Analyst also has an "outperform" rating on NVDA stock with a price target of $205. Let's look at the views of three such Wall Street pros who are bullish on Nvidia's growth potential. Following a virtual meeting with Nvidia's vice president of investor relations, Toshiya Hari, Bank of America analyst Vivek Arya reiterated a buy rating on NVDA stock with a price forecast of $275, saying that...

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Nvidia Stock (NVDA) Investors Saw A Roller-coaster Ride Ahead Of

Nvidia stock (NVDA) investors saw a roller-coaster ride ahead of its Q2 earnings release in August. Its share price dropped below $100 on August 5, rebounded, and went up for six consecutive days from the 12th to the 19th. Nvidia traded at around $128 on August 21. Nvidia’s early-month plunge was partly due to the global market turmoil after the yen-carry trade and a potential chip delivery delay ...

On August 19, AMD Announced A 5 Billion Acquisition Of

On August 19, AMD announced a 5 billion acquisition of ZT Systems to boost its GPU sales. Nvidia stock lost 2% on the next trading day. GPUs are hardware specialized in performing the matrix calculations required by AI processing. Related: Analysts reset AMD stock outlooks after AI acquisition Chip giant Nvidia (NVDA) is considered to be one of the key beneficiaries of the artificial intelligence ...

Nvidia Is Also Facing Uncertainty Related To Chip Exports To

Nvidia is also facing uncertainty related to chip exports to China amid geopolitical tensions between Washington and Beijing. Despite ongoing pressures, several top analysts remain bullish on Nvidia for several reasons, including its solid track record, strong execution, continued innovation and dominant position in the AI GPU market. TipRanks' AI Analyst also has an "outperform" rating on NVDA st...