TECH - Nvidia AMD Stocks Slip Premarket Despite Price Target Boosts: What's Going On? | Benzinga
Shares of high-flying AI-levered chipmakers Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD) slipped in premarket trading on Tuesday.
The downside has come despite Mizuho Securities analyst Vijay Rakesh raising the price targets for both chip stalwarts. StreetInsider reported that Rakesh raised the price target for Nvidia to $920 and for AMD to $200.
The pullback despite the positive catalysts could be cooling off of buying interest following their recent run-up. Nvidia and AMD are up 45.9% and ...