Reported 8 months ago
As Nvidia (NASDAQ:NVDA) stock dips below $120, investors are realizing its potential to decline despite its previous growth. While Nvidia remains a profitable company known for powerful processors in AI applications, some critics are questioning its future growth and valuation. Despite being a popular choice on Wall Street, investor Johnny Zhang has issued a Strong Sell rating due to concerns about market expectations, competition, and geopolitical tensions. Nonetheless, analysts on TipRanks still rate NVDA as a Strong Buy, with a target price of $156.35, suggesting a 32.4% upside potential.
Source: YAHOO