Reported about 10 hours ago
Nvidia's stock rebounded by 1.7% on Tuesday following a sharp 8.7% decline the previous day, as analysts continued to endorse the company despite regulatory and tariff challenges. President Trump's new tariffs on Canadian, Mexican, and Chinese imports sparked market concerns, but analysts from Citi, Bernstein, and Wedbush maintained their Buy ratings, suggesting the recent decline offers a buying opportunity. Nvidia's exposure to China is decreasing, mitigating risks from potential trade restrictions, leading to an optimistic outlook for the company's future performance in the AI sector.
Source: YAHOO