2024-07-30 05:45:00 ET
All good things must come to an end. Or do they? That's a question many investors could be asking about Nvidia 's (NASDAQ: NVDA) remarkable run.
Shares of the graphics processing unit (GPU) maker have skyrocketed more than ninefold since the fourth quarter of 2022. Nvidia is up almost 130% so far this year. However, the stock has plunged around 17% in recent weeks. Despite this big pullback, some Wall Street analysts think Nvidia is still a no-brainer buy.
Four analysts have reiterated buy ratings for Nvidia since its shares began to retreat on July 10, 2024, according to LSEG . And they're even more optimistic about the stock than before Nvidia's pullback started.
For further details see:
Nvidia Stock Plunges: Why Some Wall Street Analysts Think It's Still a No-Brainer Buy