Reported about 1 year ago
On July 5, 2024, American tech analyst Pierre Ferragu downgraded the rating of NVIDIA, expressing optimism in the future performance of TSMC. Ferragu lowered NVIDIA's stock rating from 'buy' to 'neutral,' stating that NVIDIA's stock has already gained 154% this year and 240% last year, reaching 'complete valuation.' He set a one-year target price of $135 per share for NVIDIA. Despite the downgrade, Ferragu remained positive on AMD and TSMC, highlighting them as beneficial stocks for AI with strong growth potential.
Source: YAHOO