Talking down means they want to buy lol
Nvidia's Stock Gets a Downgrade as AMD, TSMC Shares Are Deemed Top Plays
New Street sees reason for 'a more prudent view' on Nvidia's stock. Wall Street analysts are overwhelmingly bullish when it comes to Nvidia Corp.'s stock, but the pack of analysts standing on the sidelines got a tiny bit larger on Friday.New Street Research analyst Pierre Ferragu downgraded Nvidia shares to neutral from buy in an industry report that he dubbed a "health check" on artificial-intelligence stocks. Now eight of the 62 analysts tracked by FactSet have neutral-equivalent stances on Nvidia's stock."The quality of the franchise is nevertheless intact, and we would be buyers again, but only on prolonged weakness," Ferragu wrote."Although Nvidia remain the strongest franchise for AI data centers, near-term expectations and valuation justify a more prudent view on the stock," Ferragu wrote."This doesn't mean the end of the trend - we still see very strong growth ahead and upside potential in most names we cover," Ferragu wrote. "It nevertheless means investors must now be more c
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