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AI stocks like NVIDIA - investors are unsettled and experts advise holding
JPMorgan analysts advise investors to continue to hold on to AI stocks like NVIDIA despite price declines. Find out more in this article. #AI #NVIDIA #JPMorgan #Stocks #Investing
AI stocks like NVIDIA - investors are unsettled and experts advise holding
Recent developments in AI stocks, particularly companies like NVIDIA, have increasingly unsettled investors and led them to take profits. Despite price declines in NVIDIA and other AI stocks, experts recommend continuing to hold on to these stocks as long-term growth drivers are still intact.
An example of this is the recent movements in NVIDIA's share price. Since reaching its all-time high in March, the share price has fallen by around 14.7 percent. This led to investors starting to take profits and becoming concerned about possible overvaluation in the AI stocks space.
JPMorgan analysts including Samik Chatterjee are also covering the issue. They believe it is currently too early to rotate out of AI assets into other sectors. Despite concerns about a potential AI bubble, they believe the long-term drivers of AI spending remain.
One of the most recent hotspots of discussion is NVIDIA's upcoming product transition to the new Blackwell chip platform. Although it is touted as driving a new industrial revolution through AI, there are also critical voices regarding the high costs of the project. Nevertheless, experts like Ben Reitzes from Melius Research advise not to be deterred by the current price declines and to continue to hold on to AI stocks like NVIDIA.
In total, 39 of 41 analysts surveyed recommend NVIDIA shares as a buy, with only two giving a hold rating. The average price target is around $1,005.59, which is close to Melius Research's Buy rating and $1,000 price target. So it seems that despite temporary turmoil, there remains confidence in the long-term prospects of AI winners like NVIDIA.