Nvidia's AI Stock: Volatility, But Long-Term Optimism

Nvidias stock took a hit this week, but analysts like Vivek Arya and Dan Ives remain optimistic. Despite concerns about an AI bubble and higher interest rates, Nvidia reported strong earnings and gave positive guidance. Arya sees this dip as temporary, citing strengthening AI demand and well-managed supply. Ives highlights the high demand for Nvidias chips, with twelve buyers for every chip produced. Historically, Nvidias stock performs well in November, and many analysts maintain a Buy rating, seeing significant upside potential for the stock in the coming years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.