From Nasdaq: 2025-04-30 13:23:00

Nvidia (NASDAQ: NVDA) investors are spooked as shares drop nearly 5% due to a business update from Super Micro Computer slashing its guidance. Concerns about data center spending and a “sell” recommendation from a Wall Street analyst are also contributing to the pressure on Nvidia shares.

Super Micro preannounced a $1 billion cut in quarterly revenue estimates, citing delayed customer investments. This could signal potential issues in data center spending, impacting Nvidia sales. Despite ongoing pressure on Nvidia shares, the company is set to report quarterly results on May 28.

Seaport Research analyst Jay Goldberg placed a $100 price target on Nvidia shares, recommending investors sell due to uncertainties surrounding AI infrastructure spending. However, long-term investors may see Nvidia as a buy-and-hold opportunity, especially given the company’s ability to withstand short-term slowdowns.

Howard Smith holds positions in Nvidia, with The Motley Fool also endorsing and holding positions in the company. The views expressed are those of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: Nvidia Stock Is Pulling Back Today. Here’s Why Investors Are Nervous.