Overinvested in Nvidia? Here are some alternative growth stocks

Investor darling Nvidia continued its artificial intelligence-fueled boom, with its earnings beating expectations last week. The company's earnings report Wednesday sent its shares over $1,000 for the first time. The stock continued to perform well during Thursday's session — finishing up more than 9% to a record high. But some analysts are worried about a potential slowdown in growth from the previous quarter, or an "air pocket" in sales toward year-end.

Nancy Tengler of Laffer Tengler Investments said she had expected to see a higher move, given the "blowout earnings." "But I think a lot of that has been priced in and now you'll see it trickle out … into other players in this space," the chief investment officer told CNBC's " Squawk Box Asia " on Thursday. Wall Street is still mostly bullish on Nvidia, with several analysts raising price targets on the stock.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some NvidiaNvidia is far from the only AI stock that's run too far too fast
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »