Reported about 1 year ago
After Nvidia's shares dipped, analysts are reassessing their stock forecasts. The company, a significant player in the AI industry, has seen a surge in stock value over the past year, briefly overtaking Microsoft. Despite recent fluctuations, analysts are considering whether to buy the dip in Nvidia shares and have revised price targets accordingly, with Citi analysts raising theirs to $150 from $126. The company's AI technology, particularly the new GB200 chip platform, is driving growth with large cloud-service providers and enterprise AI agents fueling demand. This shift towards AI agents signifies an early to middle stage of adoption, indicating promising prospects for Nvidia's future.
Source: YAHOO