Nvidia ( (NVDA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Nvidia’s stock has experienced notable fluctuations due to concerns over AI spending and the effects of tariffs and export restrictions on AI chips. The recent dip is attributed to uncertainty about revenue, particularly with potential new export restrictions to China, which could lead to a $4 billion to $6 billion revenue loss in the latter half of the year. Despite these challenges, analysts maintain a positive long-term outlook for Nvidia, citing its strong position in the AI market and ongoing demand for its GPU technology. They believe the stock is likely to recover as these issues are expected to have a limited impact over time.
More about Nvidia
YTD Price Performance: -9.68%
Average Trading Volume: 249,255,082
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3048B
For further insights into NVDA stock on TipRanks’ Stock Analysis page.
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