Reported 2 months ago
Nvidia's stock has seen a rise of up to 5% as analysts suggest the recent downturn in the semiconductor sector, which has affected numerous tech stocks including Nvidia, may be overblown. Bank of America's Vivek Arya highlighted Nvidia as a top pick for recovery, forecasting a rebound in semiconductor stocks as seasonal factors fade. Despite concerns about delays in its Blackwell chip production, analysts remain optimistic about Nvidia's long-term growth, citing strong demand for AI technology.
Source: YAHOO