Reported about 21 hours ago
Nvidia's stock took a hit after its CEO announced aggressive production plans for the new Blackwell chip at CES, leading to a 6% drop despite hitting record highs previously. Analysts, however, such as Wedbush’s Dan Ives, believe the sell-off is exaggerated, asserting that Nvidia's future in AI and related technologies remains strong. The general sentiment from Wall Street analysts remains bullish, with 93% rating Nvidia shares as a buy and a target price suggesting a potential 24% upside.
Source: YAHOO