Weekly Recap | NVIDIA +3.95%, approves $150b buyback
Weekly Review·
- Nvidia shares rose 3.95 % this week to close at 233.95 USD, driven by a newly approved 1500 billion USD stock buyback plan and Morgan Stanley naming it a top semiconductor pick.
- The company's strong performance led the broader semiconductor sector higher despite reports of Amazon seeking to divest 800 million USD worth of Nvidia chips.
- Institutional sentiment remains largely bullish with a strong buy consensus and an average target price of 327.7 USD, though target price ranges reflect ongoing market divergence.