All the semis have come off a lot, given weaker demand. They supply chips for Bitcoin mining, which is cyclical; when Bitcoin prices pull back, it hits demand for chips. Also, this mining uses a lot of energy and therefore is costly. So, the outlook for NVDA is uncertain. Also, their PE remains high and still not cheap.
Nvidia Corp is a American stock, trading under the symbol NVDA-Q on the NASDAQ (NVDA). It is usually referred to as NASDAQ:NVDA or NVDA-Q
In the last year, 38 stock analysts published opinions about NVDA-Q. 26 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Nvidia Corp.
Nvidia Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Nvidia Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
38 stock analysts on Stockchase covered Nvidia Corp In the last year. It is a trending stock that is worth watching.
On 2023-01-27, Nvidia Corp (NVDA-Q) stock closed at a price of $203.65.