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A buying opportunity has emerged in this A.I. darling, two top analysts say
Summary
Analysts are recommending investors take advantage of the recent weakness in shares of Nvidia, an artificial intelligence company, and buy the stock. The stock has been down 9% since August, but is still up 189% for the year. The analysts cite supply chain bottlenecks related to Nvidia and other competitors as the cause for the dip, but suggest that the concerns are overblown. They believe that the company will exceed expectations and see further upside in the future.
Q&As
What opportunity has emerged in the A.I. darling?
A buying opportunity has emerged in the A.I. darling.
How much has Nvidia's stock risen over the year?
Nvidia's stock has risen about 189% for the year.
What did Citi analyst Atif Malik suggest investors do?
Citi analyst Atif Malik suggested investors buy the weakness in shares.
What did Morgan Stanley's Joseph Moore expect from Nvidia's next quarterly print?
Morgan Stanley's Joseph Moore expected a beat from the company in its next quarterly print and a raise.
What did Morgan Stanley's Joseph Moore suggest about any supply chain limitations?
Morgan Stanley's Joseph Moore suggested that any supply chain limitations in the short term would just increase confidence in further upside down the road.
AI Comments
👍 This article provides a great overview of the stock and the potential buying opportunity it presents.
👎 The article fails to provide any commentary or analysis on the long-term implications of investing in this stock.
AI Discussion
Me: It's about a buying opportunity in the artificial intelligence company Nvidia. Two top analysts say that investors should consider using the recent weakness in Nvidia to snatch up shares.
Friend: Interesting. What do you think the implications of this could be?
Me: Well, it could mean that investing in Nvidia could be a good opportunity for those looking to get in the market. It could also signal that the artificial intelligence industry is growing and that investing in A.I. related companies could be a smart move.
Action items
- Research Nvidia's competitors and their supply chain bottlenecks.
- Analyze Nvidia's financials and compare them to its competitors.
- Consider investing in Nvidia if the stock meets your investment criteria.
Technical terms
- A.I.
- Artificial Intelligence
- Nvidia
- A technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
- Super Micro Computer
- A company that manufactures and sells server technology, including motherboards, chassis, and servers.
- Hyperscalers
- Companies that provide cloud computing services.
- Advanced Packaging
- A type of packaging technology used to protect and store electronic components.
- Bandwidth Memory
- A type of memory that is designed to provide high-speed data transfer rates.
- Morgan Stanley
- An American multinational investment bank and financial services company.
- Roth IRA
- An individual retirement account (IRA) that is funded with after-tax dollars and allows for tax-free withdrawals.
- Index Funds
- A type of mutual fund that tracks a specific market index, such as the S&P 500.
- Mutual Funds
- A type of investment vehicle that pools money from multiple investors and invests it in a variety of securities.
- ETFs
- Exchange-traded funds, which are investment funds that are traded on a stock exchange.
- Bonds
- A type of debt security in which the issuer owes the holder a debt and is obliged to pay interest and repay the principal at a later date.