Reported 11 months ago
Nvidia's stock experienced significant fluctuations this week, with Bank of America expressing caution about potential profit-taking but maintaining a positive outlook with a Buy rating. The chipmaker's market cap decreased to around $3.12 trillion, below Microsoft's $3.33 trillion. Analysts warn of possible competition challenges from both traditional and new players like AMD, Intel, AWS, Azure, and Google, impacting Nvidia's pricing power. Despite impressive growth and a strong market position, the potential for a pullback remains on investors' radars, signaling the need to monitor downstream profitability from AI efforts to maintain the current momentum.
Source: YAHOO