Is now the time to buy Nvidia?
On September 3, $NVIDIA (NVDA.US)$ the stock price experienced a significant drop, causing a market capitalization loss of approximately $279 billion in one day. According to Dow Jones Market Data,the largest single-day market capitalization loss in history,with a significant impact on the entire semiconductor industry.
What are the concerns about Nvidia?
Wall Street analysts have expressed concerns about Nvidia's latest financial report. The main reason is the predicted decrease in gross profit margin.Rosenblatt Securities analysts Kevin Cassidy and Hans Mosesmann point out that the speed of the company's product cycle is affecting the decline in gross profit margin." is the closing quotation mark. Analysts Kevin Cassidy and Hans Mosesman from Rosenblatt Securities pointed out that the speed of the company's product cycle is affecting the decline in gross profit margin.
However, this is a "luxury problem" and does not detract from the bullish view of Nvidia. Cassidy and Mosesman suggest that the existing Hopper chip line remains strong and that the Blackwell chip line has the potential for rapid growth. Theyrate Nvidia as a "buy" and have a target price of $200..
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