It's about freaking time that it drop back down! Scammers!

Nvidia Stock Falls 4%. A Steep Drop Could Lie Ahead, Says a Bear

Nvidia was slipping early on Tuesday. The chip maker's stock is down from recent highs and one analyst says a sharper fall is on the way.Nvidia shares were down 0.6% at $865.91 in premarket trading. The stock closed down 1.0% at $871.33 on Monday.The stock has dipped following an initial spike in the wake of the company's GTC developers' event when it unveiled its new range of Blackwell chips. It is now slightly lower than before the conference started. While consensus estimates call for demand for Nvidia's graphics-processing units to power artificial-intelligence technology to be strong this year, the expectation is for growth to slow from 2025 onward.D.A. Davidson analyst Gil Luria has a Hold rating on Nvidia stock and a $620 target price, which is among the lowest by any Wall Street analyst.He argues that major AI chip customers such as Amazon.com and Microsoft are likely to shift a greater amount of their investment toward in-house hardware and calls for a "significant cyclical do
Nvidia Stock Falls 4%. A Steep Drop Could Lie Ahead, Says a Bear

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet