Nvidia facing market cap drop and volatility, but analysts optimistic with "Strong Buy" rating.

From Nasdaq: 2024-08-07 10:22:07

Tech stocks, including Nvidia, have seen a significant drop in market cap and are facing volatility after strong returns in 2023 and early 2024. Concerns about competition, restrictions on China, and high valuations are impacting investor confidence in the AI chip leader. However, analysts remain optimistic about the stock with a “Strong Buy” rating and a target price 35% higher than current levels. Consider buying the dip in Nvidia stock cautiously due to ongoing market uncertainty.



Read more at Nasdaq: Nvidia Stock Forecast: The Good, the Bad, and the Ugly to Consider Before Buying the Dip