Reported 2 months ago
Nvidia's stock plummeted over 5%, leading a decline in chip stocks, even as Piper Sandler analysts highlighted a 'tremendous opportunity' for investors following recent sell-offs. Despite concerns over potential delays in its next-generation chips, Nvidia remains a strong contender in the AI accelerator market, with analysts maintaining an Overweight rating and a $140 price target while suggesting that Advanced Micro Devices (AMD) also presents a solid investment opportunity.
Source: YAHOO