Analysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.
Wall Street is worrying that gains linked to artificial intelligence could be part of a market bubble. The last thing anyone wants to do is pile into a hot trend at the peak and then ride a stock down into a thematic bust.
But New Street Research believes the circumstances surrounding Nvidia will differ from Cisco’s internet bubble selloff. On Monday, analyst Pierre Ferragu reiterated a Buy rating on Nvidia shares and reaffirmed his price target of $635. Ferragu estimates Nvidia’s stock could fall about 20% if its revenue in 2025 disappoints Wall Street, assuming expectations for profits are cut by 33%, sending the valuation down to the low of 30 times forward earnings it hit the last time results badly disappointed investors.
Start-ups and corporations prefer Nvidia’s chips because of its robust software programming ecosystem, CUDA. Developers have been building and sharing AI-related tools and software libraries for over a decade on Nvidia’s proprietary platform, making it easier to build AI applications rapidly.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Nvidia Stock Doesn’t Risk a Dotcom-Style CollapseAnalysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.
Weiterlesen »
Nvidia stock jumps as Goldman adds chipmaker to ‘Conviction buy’ listGoldman, which boosted its price target on Nvidia to $605 per share in August, added the AI market leader to its flagship list of stock recommendations Monday.
Weiterlesen »
Fantasy Football Stock Up, Stock DownWith a quarter of the NFL season in the books, here’s a look at some of the biggest fantasy winners ... and a few disappointments.
Weiterlesen »
Why Zions and 1 Other Regional Bank Stock Could Be Worth a LookCiti initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.
Weiterlesen »
Why stock-market investors aren't finding comfort in averted government shutdownThe U.S. government's move to avert a weekend shutdown removes near-term uncertainty in financial markets, enabling Treasury yields to climb.
Weiterlesen »
Why Clint Eastwood's American Sniper Uses A Fake Baby (& Why It Looks So Terrible)The American Sniper prop baby was plan C.
Weiterlesen »