Goldman Sachs is not scared off by Nvidia's recent sell-off....
Goldman Sachs is not scared off by Nvidia's recent sell-off. Analysts believe that buying Nvidia on dips is a good opportunity in the long run. Nvidia NVIDIA fell nearly 10% last Tuesday, with its market cap evaporating by about $400 billion last week. Bespoke Investment Group said that this technology stock is one of the biggest driving factors for the worst start of the S&P 500 index since September 1953. Although the stock recovered some lost ground on Monday (9th), closing up 3.54% at $106.47 per share. The key is the long-term goal. Goldman Sachs estimates that by the second half of 2025, generative artificial intelligence will begin to make significant contributions to industry growth.
Hari believes: "NVIDIA's competitive position is still very strong. In the field of commercial chips, Nvidia is the preferred choice and has advantages in terms of innovation speed compared to custom chips."
Hari believes: "NVIDIA's competitive position is still very strong. In the field of commercial chips, Nvidia is the preferred choice and has advantages in terms of innovation speed compared to custom chips."
#RichwithUSstocks
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
