Investors may want to consider using the post-earnings weakness in Nvidia to scoop up shares, according to some Wall Street analysts. Shares of Nvidia slumped about 3% in the premarket — after falling by more than 8% at one point in after-hours trading — even after the chipmaker topped Wall Street's quarterly estimates .
Bernstein's Stacy Rasgon, meanwhile, lifted his price target to $155 from $130, saying the "narrative remains solid." The new target reflects 23% upside from Wednesday's close. Many analysts also reiterated their confidence in the stock's long-term AI potential and the ramp of its Blackwell chips. Morgan Stanley's Joseph Moore boosted his price target to $150 from $144 a share, representing 19% upside from Wednesday's close.
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