Nvidia stock faces risks and opportunities, analysts expect rebound, strong growth prospects ahead.

From Nasdaq: 2024-09-11 14:43:03

Nvidia (NVDA) remains the best performer in the S&P 500 Index, with a 119% increase this year. The stock has traded sideways since June, facing high expectations and risks. Revenue concentration, economic slowdown, competition, antitrust concerns, and geopolitical risks pose challenges for the company.

Despite the risks, Nvidia has opportunities in the expanding demand for AI chips. Data centers, enterprise clients, and other growth themes present upside potential. Analysts expect the stock to rebound from current levels, with a mean target price of $149.22 and a “Strong Buy” rating. Nvidia is a key player in AI, gaming, metaverse, blockchain, and autonomous driving technologies, with strong growth prospects in the coming years.



Read more at Nasdaq: Will Nvidia Stock Bounce Back? Watch Out for These Risks and Opportunities