From Nasdaq: 2024-04-25 10:02:29

Nvidia (NVDA) has seen a surge in stock price from $108 to $974, followed by an 18% pullback. SoftBank plans to invest $960 million for generative AI, utilizing Nvidia GPUs. Nvidia’s robust earnings growth in Q4 2024 has analysts forecasting a 484.09% surge in earnings for fiscal Q1 2025.

With a 90% market share in AI-related chips, Nvidia’s stock trades at 32x consensus 2025 earnings and faces possible GPU demand decline and competition risks. The options market shows a bullish sentiment toward NVDA stock, with analysts giving it a “strong buy” consensus rating and a target price of $948.73.

The recent decline in Nvidia presents an opportunity for investors looking to capitalize on the company’s promising long-term growth prospects. Analysts expect a significant upside potential for NVDA stock, making it an attractive option for those considering its valuation and growth outlook.



Read more at Nasdaq: Is This Pullback Your Best Chance to Buy Nvidia Stock?