Nvidia Stock Is Bouncing Back Today. Is This the Time to Buy?
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Nvidia's stock rose by 7.4% today, driven by optimism ahead of its GTC 2025 conference. Despite a 15% decline this year, analysts remain bullish, with Citigroup's Atif Malik setting a $163 price target, indicating a potential 43% upside. Ongoing tariff and export restrictions have pressured the stock, but news of a possible joint venture to operate Intel's U.S. factories has sparked interest. Nvidia's forward P/E ratio of 25 suggests it remains a good value with significant growth potential.
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