Reported 26 days ago
Nvidia's stock is bouncing back after a significant two-week decline where it lost over 20% of its market value. Despite a disappointing quarterly earnings report and waning Wall Street enthusiasm for AI, analysts remain optimistic about Nvidia, with many citing it as the top investment for AI exposure. Notably, demand for Nvidia's chips continues to be strong, backed by large companies like Microsoft and Tesla increasing their AI infrastructure spending. As a result, Nvidia's shares are projected to close one of their best weeks of the year, with analysts largely recommending 'Buy' ratings.
Source: YAHOO