Weekly Recap | NVIDIA -8.8%, consensus target above spot
Weekly Review·
- NVIDIA closed down 8.8% at 186.64 USD this week, underperforming the S&P 500 index amidst a broader AI stock sell-off and heavy trading volume.
- Despite the weekly decline and market volatility, 63 institutions maintain a consensus strong buy rating with an average target price of 327.14 USD.
- Upcoming market catalysts include the October CPI data release on Tuesday and NVIDIA's fiscal 2027 third-quarter earnings report scheduled for November 17.