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Nvidia (NVDA) Faces Mixed Analyst Sentiment Amid AI Competition Concerns
Nvidia (NVDA) Faces Mixed Analyst Sentiment Amid AI Competition Concerns
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BTCCSquare news:
Nvidia's stock forecasts reveal divergent analyst views as shares dip 1% to $167, extending a NEAR 8% monthly decline. Citi's Atif Malik trimmed his price target to $200, citing Broadcom's potential $12 billion revenue impact on Nvidia's AI chip dominance. Yet the firm maintains its Buy rating, noting China's untapped market potential if GPU shipments resume.
Jefferies counters with unwavering optimism, keeping Nvidia on its franchise picks list. 'AI demand proliferation creates acute compute shortages,' analysts note, reinforcing Nvidia's position as the premier AI accelerator supplier. EPS growth projections of 48.4% this year underscore the semiconductor giant's resilient fundamentals despite near-term headwinds.
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