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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
Source: denverpost - 🏆 13. / 72 Read more »
Nvidia stock slips despite 2Q earnings topping Wall Street estimates, high AI chip demandNvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia's place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
Source: KPIXtv - 🏆 443. / 53 Read more »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
Source: denverpost - 🏆 13. / 72 Read more »
Nvidia's earnings beat Wall Street's estimates as AI momentum continuesNvidia's second-quarter earnings beat Wall Street analysts' expectations, with total sales and revenue from data centers coming in ahead of estimates amid strong demand for AI chips.
Source: FoxBusiness - 🏆 458. / 53 Read more »
S&P 500 futures rise marginally as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
Source: CNBC - 🏆 12. / 72 Read more »