The NVIDIA Corporation's (NVDA) recent US$251b market cap drop didn't deter institutional investors as the company's long-term gains remain positive. The tech giant is considering joining OpenAI's latest funding round. Despite a momentary faltering in the stock market, NVDA is a choice pick for giants like Goldman Sachs and Morgan Stanley. While Q2 earnings didn’t meet revenue outlook, the financial results displayed substantial growth and potential. The release of its next-gen chip generates substantial anticipation despite a slip in shares after earnings. Despite some hesitancy over future growth, analysts view any pullback as a buying opportunity. In the pipeline is the Blackwell production set to gain momentum in Q4. This, coupled with a staggering $30 billion quarter and record low employee turnover, positions NVDA as a resilient player in the tech space. Amid speculations, Wall Street analysts predict a potential surge in stocks if the company beats expectations in future earnings.
Nvidia Corp NVDA News Analytics from Wed, 22 May 2024 07:00:00 GMT to Sun, 01 Sep 2024 14:31:27 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor -2
