Is Nvidia a Buy for 2024? One Analyst Sees a 15% Downside for the AI Stock
Wealth manager DA Davidson initiated coverage on Nvidia's stock, projecting a 15% downside risk in the chipmaker's shares.
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Is the market actually underestimating Nvidia's chip demand in the near future?
Wealth manager DA Davidson initiated coverage on Nvidia's stock, projecting a 15% downside risk in the chipmaker's shares.
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AMD's shares opened 4.4% higher on Thursday after the company launched a new AI chip it claims can challenge Nvidia's dominance.
Nvidia shares dropped in Friday's premarket after reports of delay in launching chips made specifically for China after new US restrictions.
Wall Street remains bullish on the chipmaking giant after another massive quarter.
Nvidia's shares were in the red in Wednesday's premarket despite a blockbuster Q3 2024 report.
Nvidia's stock reached a new all-time high on Monday, a day prior to its much-anticipated Q3 2024 earnings report.
New export controls have placed $5 billion worth of Nvidia's AI chip orders at risk, the WSJ reports.
While Microsoft is the clear leader, these stocks can play a smaller but lucrative role in the AI industry.
Shares of Nvidia fell over 6.6% at the opening bell after the US unveiled new restrictions for AI chip exports to China.