Buy weakness in Nvidia stock - Morgan Stanley
Nvidia’s stock price closed last week at $762 per share after a 10% decline in Friday’s session, taking it to its lowest level since February 22, 2024. The sell-off in artificial intelligence and chipmaker stocks was in part driven by Super Micro Computer (NASDAQ:Analysts at Citi said it believes “some semi stocks will likely struggle given mixed results and a pause in the increased AI forecasts which drove the group from January to last month.
BofA highlighted aspects such as the stagflation risk, rising rates, geopolitical worries, AI fatigue and an uninspiring near-term outlook from leaders TSM and ASML as factors weighing on chip stocks. Morgan Stanley notes that as Blackwell ramps, starting in August, it is likely to be in short supply for several quarters.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Q1 earnings buy list: Morgan Stanley picks Nvidia, Amazon and these 10 stocksQ1 earnings buy list: Morgan Stanley picks Nvidia, Amazon and these 10 stocks
Read more »
10 things to watch in the stock market Tuesday: Morgan Stanley beats, Nvidia callThe stock market is trying to stabilize after a couple of nasty days in a row as the attention shifts to corporate earnings
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Netflix, Morgan StanleyStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, ASML Holding NV. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
'AI supremacy': Nvidia seeing strong demand from Tesla'AI supremacy': Nvidia seeing strong demand from Tesla - Morgan Stanley
Read more »
Morgan Stanley urges investors to buy 'post-earnings weakness' in Apple stockMorgan Stanley urges investors to buy 'post-earnings weakness' in Apple stock
Read more »
Morgan Stanley earnings beat lifts stockMorgan Stanley earnings beat lifts stock
Read more »