Nvidia (NVDA) shares closed lower due to concerns about the tech stock bubble and rising interest rates. Despite this, the company reported strong earnings and guidance, dismissing these worries as overblown. NVDA stock is now below its 100-day moving average, raising concerns about bearish momentum ahead.

Bank of America sees NVDA as a top pick for 2026, citing strong AI demand and well-managed supply. The stock is trading at 42x forward earnings, with potential for over 40% EPS growth. BofA maintains a “Buy” rating with a price target of $275, indicating a 50% upside.

Supply-demand dynamics support buying the dip in NVDA shares, with high demand for Nvidia chips and strong margins. Analysts predict a 33% upside for NVDA shares, maintaining a “Strong Buy” consensus rating.

Read more at Barchart: Nvidia Stock Breaks 100-Day Moving Average on Q3 Earnings Selloff. Should You Buy the NVDA Dip?