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Joshua Buchalter

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nvidia stock rises as analysts maintain bullish outlook amid competition concerns

Nvidia's stock rose over 3% as analysts from Bernstein, TD Cowen, Morgan Stanley, and Truist maintained bullish ratings despite concerns about competition and potential declines in AI chip demand. Truist raised its price target to $204, citing Nvidia's technological superiority.However, worries persist as major tech companies like Google and Meta develop custom chips that could threaten Nvidia's market share. Analysts acknowledge the challenges but emphasize Nvidia's historical dominance and confidence in ongoing industry innovation.
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United States Dollar Microsoft Corporation Apple Inc. Broadcom Inc. Metagenomi, Inc. Amazon.com, Inc. Google Inc. Tesla, Inc. NVIDIA Corporation USA Joshua Buchalter William A. Stein Vivek Arya Show more
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16:23 18.12.2024
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