A buying opportunity has emerged in this A.I. darling, two top analysts say
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Investors may want to consider using the recent weakness in Nvidia to snatch up shares of the artificial intelligence darling, according to some Wall Street analysts. The chipmaker sold off nearly 5% Wednesday following comments from Super Micro Computer that pointed to some supply chain bottlenecks related to Nvidia and other competitors. NVDA 5D mountain Nvidia shares over the last five trading days Nvidia ticked down less than 1% Thursday, and shares sit about 11% off their highs. The stock is up about 189% for the year but down 9% since the start of August. Citi analyst Atif Malik encouraged investors to buy the weakness in shares, calling the supply concerns "overdone." While constraints do exist within advanced packaging and high-bandwidth memory, he said the "comments are not fully reflective of Nvidia's supply situation," as it prioritizes hyperscalers and its own internal segments. Morgan Stanley's Joseph Moore reiterated his overweight rating in a Wednesday note, adding that the stock remains a top semiconductor pick. Despite the concerns, the analyst expects a beat from the company in its next quarterly print and a raise, adding that "triangulating October quarter NVIDIA numbers from supply chain is an imprecise equation." "Any supply chain limitations in the short term are just going to increase confidence in further upside down the road, so it's really just a question of whether we see the upside now, or later," he wrote. — CNBC's Michael Bloom contributed reporting.
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Skip Navigation. watch live. Markets. Pre-Markets. U.S. Markets. Currencies. Cryptocurrency. Futures & Commodities. Bonds. Funds & ETFs. Business. Economy. Finance. Health & Science. Media. Real Estate. Energy. Climate. Transportation. Industrials. Retail. Wealth. Life. Small Business. Investing. Personal Finance. Fintech. Financial Advisors. Options Action. ETF Street. Buffett Archive. Earnings. Trader Talk. Tech. Cybersecurity. Enterprise. Internet. Media. Mobile. Social Media. CNBC Disruptor 50. Tech Guide. Politics. White House. Policy. Defense. Congress. Equity and Opportunity. CNBC TV. Live TV. Live Audio. Business Day Shows. Entertainment Shows. Full Episodes. Latest Video. Top Video. CEO Interviews. CNBC Documentaries. CNBC Podcasts. CNBC World. Digital Originals. Live TV Schedule. Watchlist. Investing Club. Trust Portfolio. Analysis. Trade Alerts. Meeting Videos. Homestretch. Jim's Columns. Education. PRO. Pro News. Pro Live. Market Forecast. Subscribe. Sign In. Menu. Make It. select ALL SELECT Credit Cards Loans Banking Mortgages Insurance Credit Monitoring Personal Finance Small Business Taxes Help for Low Credit Scores Investing SELECT All Credit Cards Find the Credit Card for You Best Credit Cards Best Rewards Credit Cards Best Travel Credit Cards Best 0% APR Credit Cards Best Balance Transfer Credit Cards Best Cash Back Credit Cards Best Credit Card Welcome Bonuses Best Credit Cards to Build Credit SELECT All Loans Find the Best Personal Loan for You Best Personal Loans Best Debt Consolidation Loans Best Loans to Refinance Credit Card Debt Best Loans with Fast Funding Best Small Personal Loans Best Large Personal Loans Best Personal Loans to Apply Online Best Student Loan Refinance SELECT All Banking Find the Savings Account for You Best High Yield Savings Accounts Best Big Bank Savings Accounts Best Big Bank Checking Accounts Best No Fee Checking Accounts No Overdraft Fee Checking Accounts Best Checking Account Bonuses Best Money Market Accounts Best CDs Best Credit Unions SELECT All Mortgages Best Mortgages Best Mortgages for Small Down Payment Best Mortgages for No Down Payment Best Mortgages with No Origination Fee Best Mortgages for Average Credit Score Adjustable Rate Mortgages Affording a Mortgage SELECT All Insurance Best Life Insurance Best Homeowners Insurance Best Renters Insurance Best Car Insurance Travel Insurance SELECT All Credit Monitoring Best Credit Monitoring Services Best Identity Theft Protection How to Boost Your Credit Score Credit Repair Services SELECT All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt Relief SELECT All Small Business Best Small Business Savings Accounts Best Small Business Checking Accounts Best Credit Cards for Small Business Best Small Business Loans Best Tax Software for Small Business SELECT All Taxes Best Tax Software Best Tax Software for Small Businesses Tax Refunds SELECT All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score or Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score SELECT All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs Bonds. USA. INTL. watch live. Search quotes, news & videos. Watchlist. SIGN IN. Create free account. Markets. Business. Investing. Tech. Politics. CNBC TV. Watchlist. Investing Club. PRO. Menu. Samantha Subin. @samantha_subin. WATCH LIVE. Investors may want to consider using the recent weakness in Nvidia to snatch up shares of the artificial intelligence darling, according to some Wall Street analysts. The chipmaker sold off nearly 5% Wednesday following comments from Super Micro Computer that pointed to some supply chain bottlenecks related to Nvidia and other competitors. NVDA 5D mountain Nvidia shares over the last five trading days Nvidia ticked down less than 1% Thursday, and shares sit about 11% off their highs. The stock is up about 189% for the year but down 9% since the start of August. Citi analyst Atif Malik encouraged investors to buy the weakness in shares, calling the supply concerns "overdone." While constraints do exist within advanced packaging and high-bandwidth memory, he said the "comments are not fully reflective of Nvidia's supply situation," as it prioritizes hyperscalers and its own internal segments. Morgan Stanley's Joseph Moore reiterated his overweight rating in a Wednesday note, adding that the stock remains a top semiconductor pick. Despite the concerns, the analyst expects a beat from the company in its next quarterly print and a raise, adding that "triangulating October quarter NVIDIA numbers from supply chain is an imprecise equation." "Any supply chain limitations in the short term are just going to increase confidence in further upside down the road, so it's really just a question of whether we see the upside now, or later," he wrote. — CNBC's Michael Bloom contributed reporting. NEXT PRO TALK. Add To Calendar. CNBC Pro Talks: What the best minds on Wall Street are buying as investors get back to business. More In Analyst Stock Picks. This video content stock could climb nearly 60%, Raymond James says. Brian Evans. 2 hours ago. Morgan Stanley Wealth Management adds this stock to its model portfolio because of A.I. opportunity. Hakyung Kim. 4 hours ago. Morgan Stanley says buy this under-the-radar Israeli fabric printing stock. Brian Evans. 20 min ago. Read More. Subscribe to CNBC PRO. Licensing & Reprints. CNBC Councils. Select Personal Finance. CNBC on Peacock. Join the CNBC Panel. Supply Chain Values. Select Shopping. Closed Captioning. Digital Products. News Releases. Internships. Corrections. About CNBC. Ad Choices. Site Map. Podcasts. Careers. Help. Contact. News Tips. Got a confidential news tip? We want to hear from you. Get In Touch. Advertise With Us. Please Contact Us. CNBC Newsletters. Sign up for free newsletters and get more CNBC delivered to your inbox. Sign Up Now. Get this delivered to your inbox, and more info about our products and services. Privacy Policy. |. Do Not Sell My Personal Information. |. CA Notice. |. Terms of Service. © 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers. Data also provided by.