Analysts bullish on Nvidia despite recent slip in market cap, with high growth potential.

From Nasdaq: 2024-12-15 06:30:00

Nvidia slipped briefly to third place behind Apple and Microsoft in market cap but rebounded to second place. Analysts are optimistic about its future after a flawless earnings report, with price targets raised by firms like J.P. Morgan and D.A. Davidson. Nvidia remains a top AI company with massive growth potential.

Although Nvidia’s stock has pulled back recently, analysts remain bullish on its long-term prospects. With a high valuation multiple, there may be short-term volatility, making it a good time to strategically invest in Nvidia and consider diversifying your position with other chipmakers.

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Read more at Nasdaq: Despite Recent News, Analysts Still Say Artificial Intelligence Stock Nvidia Is a Buy. Here’s Why.