16% Correction from Highs, $430 Billion Evaporated in Three Days!

NVIDIA's rapid revenue growth, healthy cash flow, and profits have been solid supports for the significant rise in its share price. There is potential for the company to trigger a new round of industrial revolution, and the recent decline is merely a healthy correction. Many analysts have continued to raise their target prices for the company. This optimism is not unfounded. Currently, NVIDIA holds approximately 80% of the market share in AI chips for data centers, and technology giants such as OpenAI, Microsoft, Alphabet, Amazon, and Meta are scrambling to secure its processors to power their AI models.
Media tracking has found that NVIDIA remains highly favored on Wall Street, with almost 90% of analysts still recommending buying the stock. The average analyst target price still indicates a 10% upside potential from current levels.

However, the soaring share price of NVIDIA has also raised concerns among some professionals on Wall Street. They believe that the valuation seems overestimated and the stock may be "overhyped."