Nvidia, China and stocks
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The co-founder and CEO of Nvidia (NVDA) is heading to Beijing, where he will meet with senior Chinese officials, including the commerce minister, at the International Supply Chain Expo, Bloomberg reported,
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Nvidia investors have been concerned about the loss of sales to an important market. The company announced it would resume AI chip sales to China after a pending approval from the Trump administration.
Nvidia (NASDAQ: NVDA) surged 4.04% on July 15 to close at $170.70, propelling the Nasdaq Composite to a fresh record high of 20,677.80.
Three weeks ago, we recommended Nvidia stock and shorting out-of-the-money puts. Now, NVDA is near its target prices, and the short play is successful. What is the best play here?
A Citi analyst sees Nvidia’s stock rising another 20% as the AI opportunity swells further, but he notes the risk of potential new geopolitical restrictions ahead.
Even at record highs, Nvidia’s stock may not be as expensive as it is touted to be. Some valuation metrics suggest room for upside
Nvidia is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday.
Nvidia’s valuation is stretched after a huge run, with overbought technicals and fading margin of safety. Check out why NVDA stock is downgraded to hold.
The AI Titan’s Ascent Nvidia (NASDAQ:NVDA) has evolved from a niche graphics chip maker to a global technology titan, driven by its dominance in artificial intelligence (AI) and accelerated computing.