Nvidia had a volatile week in the stock market, but managed to bounce back after a significant loss in market capitalization. On Thursday, the stock closed at $123.99, showing a nearly 5% increase from Monday’s closing price. However, it is still below last week’s all-time high of $140.76. Despite the ups and downs, Nvidia shares have seen a remarkable 150% increase so far this year.
Analysts are largely optimistic about Nvidia’s future, with 89% of them giving the stock a buy or overweight rating. The remaining 11% have a hold rating on the stock. The average analyst price target for Nvidia is $128.15, indicating a 3.5% upside potential from its current price.
This week saw a flurry of analyst calls and updates on Nvidia, with CNBC Pro providing a roundup of all the important information. Investors and analysts alike continue to watch Nvidia closely as it navigates through the market fluctuations and strives to maintain its position as a dominant player in the tech industry.
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https://www.cnbc.com/2024/06/28/nvidia-has-had-a-big-week-heres-cnbc-pros-top-coverage-of-the-chipmaker.html