Why Nvidia Stock Slumped Tuesday Morning
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Nvidia's stock fell by 5.6% on Tuesday, influenced by overall market weakness and a pause after reaching a record high. Investors are processing numerous product announcements made by CEO Jensen Huang at CES, including new AI-powered products. Despite a recent decline, analysts believe Nvidia's stock has significant growth potential, with a market cap expected to exceed $4 trillion in the next 12 to 18 months. Currently, the stock is considered affordable, trading at 32 times estimated earnings for fiscal 2026, leading to a positive outlook for investors.
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