Juts under one year ago Nvidia was almost 50% higher and the poster stock of the Bull market, since then it has become a disaster zone and regardless of what analysts or the company have said the stock continues to be kicked around the lows.
Currently the stock has 23 buy recommendations with a average price target of $183 in drastic comparison to only 1 sell recommendation, if the company disappoints in any way tomorrow carnage could break out as many investors are getting tired waiting for the turnaround to happen, which is even more difficult to stomach given the advance in AMD this year.
Technically the stock has lost all its momentum and any rally brigs sellers not buyers to the fore. We eagerly await some good news which could help turn the market as well as the stock.
Currently the stock has 23 buy recommendations with a average price target of $183 in drastic comparison to only 1 sell recommendation, if the company disappoints in any way tomorrow carnage could break out as many investors are getting tired waiting for the turnaround to happen, which is even more difficult to stomach given the advance in AMD this year.
Technically the stock has lost all its momentum and any rally brigs sellers not buyers to the fore. We eagerly await some good news which could help turn the market as well as the stock.