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After a massive decline in the fourth quarter of last year, Nvidia stock is moving in the right direction lately.
Nvidia Stock Has Another 50% to Go, Says HSBC Marty ShtrubelMay 13, 2024, 06:57 AM A+ A- Nvidia’s (NASDAQ:NVDA) ascent to its position as the world’s 3rd most valuable company was built on a series of earnings reports that blew Street estimates out of the water. This phenomenal...
“Despite the quarterly noise, we continue to believe in [Nvidia’s] unique growth opportunity, execution and dominant 80%+ share,” he wrote. Arya rates the stock a buy and lifted his price objective to $165 from $150 on Wednesday. Don’t ...
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The stock’s 12-month average price target of $153.86 suggests a ~14% upside from current levels. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer...
Nvidia investors should ignore stock volatility tied to the chip maker’s near-term results and instead focus on the improving backdrop for the artificial-intelligence boom and Nvidia’s next-generation GPU, which is well suited for AI applications....
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Nvidia declined to comment about the possibility of more stock buybacks. For his part, Reitzes was quick to point out that any future buybacks wouldn’t imply that Nvidia has stopped growing. “It’s not an insult to buy back stocks if you have nothing else to do.” ...
It's too late for investors who don't own Nvidia to benefit from the stock's past performance. But should you buy Nvidia stock hand over fist before the end of 2024? Here's what history suggests. An impressive Q1 track record There's often no reason to hurry to buy a sto...