Reported 8 months ago
Nvidia (NVDA) stock dropped over 6% to $118.11 per share as investors moved away from the AI heavyweight. The decline marked the third consecutive day of losses, falling from its all-time high of $135.58. Nvidia's market cap of $2.9 trillion now trails behind Microsoft (MSFT) and Apple (AAPL). Analysts have mixed opinions on the stock, with Bank of America reiterating a Buy rating and $150 target, Jefferies raising the target to $150, and warnings from Moor Insights & Strategy founder Patrick Moorhead about potential long-term concerns.
Source: YAHOO