NVIDIA Corp. shares have shown mixed performance, remaining flat in morning trading yet up 2.5% since the week began. Despite a 12.7% decline over the past month, NVIDIA's stock has surged notably over the past year, driven largely by its role in the AI sector. Analysts maintain a 'Strong Buy' recommendation, viewing recent dips as prime buying opportunities. NVIDIA's impressive gains in recent years, coupled with robust earnings exceeding expectations, contribute to analysts' optimism regarding its potential for continued growth over both medium and long-term horizons.
Despite recent losses, shares of NVDA remain up more than 27% over the past year following a gain of more than 191% in 2024 and 240% in 2023.
NVIDIA is the premier manufacturer of components critical to the surge in AI; namely, semiconductors, microchips, and graphics processing units (GPUs).
Analysts are viewing this current pullback as a buying opportunity as the stock is currently trading below parity with the Philadelphia Semiconductor Index (SOX).
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