As Nvidia stock falls below $120, investors are realizing that stocks can go down. Nvidia is a profitable company but I am neutral on NVDA stock for now. The company is known for designing powerful processors for AI applications and remains a market favorite. Despite this, a Wall Street expert has assigned a negative rating to Nvidia stock. Nvidia is making moves to expand into the Middle East by implementing its AI technology in data centers owned by Ooredoo. However, there are concerns about the US government’s reaction to this deal. On the other hand, there is a dissenting voice on Wall Street, with one expert suggesting a Strong Sell rating for NVDA stock. This goes against the popular perception of Nvidia as an invulnerable giant in the AI hardware market. Market expectations for Nvidia’s future growth may be overly optimistic, according to some analysts. The sector’s median P/E ratio is lower than Nvidia’s current ratio, suggesting an overvaluation. Despite this, analysts still rate Nvidia as a Strong Buy with a potential upside. I agree that investing in Nvidia could make sense at a lower share price. Overall, I am neutral on NVDA stock and would prefer to see it drop further before considering an investment.
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https://finance.yahoo.com/news/nvidia-nasdaq-nvda-yes-stock-010010803.html
