Nvidia's Stock Slump Creates Entry Point Ahead of Chip Comeback
Nvidia's stock has been under pressure recently, but analysts see the pullback as a buying opportunity. Bank of America named the chipmaker as a top "rebound" pick, expecting a semiconductor recovery in Q4 as seasonal headwinds fade. Concerns around delays to Nvidia's next-gen AI chip Blackwell are seen as overblown, with any customer shipment postponements likely just 4-6 weeks.
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The bigger picture is analysts may be underestimating Nvidia's future earnings power from booming AI demand. UBS reiterated a $150 price target, citing the company's pivotal role supplying critical compute acceleration for rapidly proliferating AI applications across industries like large language models, autonomous vehicles, and healthcare.
While near-term volatility is expected, the recent share price weakness sets up an attractive entry point for long-term investors ahead of powerful multi-year AI growth tailwinds. As chip cyclicality risks remain, Nvidia aims to be at the forefront powering the AI revolution's infrastructure needs.
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