Rare! Nvidia was 'downgraded', analysts say its valuation is worrying, and its stock price fell nearly 2%.
He said that Nvidia's current price-earnings ratio may be too high, but Nvidia's fundamental quality has not changed, and it is only recommended to buy when the stock price continues to be sluggish.
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Is Nvidia's stock price at its peak? Analysts have downgraded its rating, but are bullish on AMD and Taiwan Semiconductor.
Analyst Pierre Ferragu downgraded Nvidia's stock rating from buy to neutral in his report, with a one-year target price of $135. Ferragu is bullish on the stock performance of AMD and Taiwan Semiconductor, with 12-month target prices of $235 and NT$1,200, respectively.
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