Weekly Recap | NVIDIA -5.24%, consensus target above spot
Weekly Review·
- Nvidia stock fell 5.24 % over the week to close at 218.29 dollars, underperforming the S&P 500 by about 4.44 percentage points amid declining trading volume.
- Key focal points included discussions on domestic AI chip competition following a rival firm's market debut, CEO remarks at a technology conference, and reports regarding potential investment in Anthropic.
- Institutional sentiment remained largely positive, with 48 buy ratings and a consensus target price of 327.18 dollars, which sits roughly 49.88 % above the current share price.