Reported 8 months ago
Nvidia briefly became the world's most valuable company last week but experienced a sharp drop in stock prices following three trading days, losing about $430 billion in market value and dropping to the third-largest company behind Microsoft and Apple. Despite this, analysts are optimistic about Nvidia's potential for the next two years, projecting a stock price of up to $200 in the next 12 months. Although Nvidia's stock price fell by 6.68% to $118.11 on June 24, it rebounded by 3.5% on June 25, driven by the upcoming shipment of the new Blackwell chips. Analysts believe this will lead to another growth cycle for Nvidia and its partners. With strong support from seven moats including visionary leadership, high barriers to entry in the chip market, and dominant market share, analysts recommend buying Nvidia shares at a low point.
Source: YAHOO