Nvidia shares have fallen 12% since their record high on Nov. 7, slipping into correction territory as they hit $131.48 on Monday. The drop comes amid concerns over Chinese regulators investigating Nvidia’s 2020 acquisition of Mellanox Technologies for potential anti-monopoly violations.
- Stock performance: Despite a 2% intraday drop Monday, Nvidia stock remains up 165% year-to-date.
- Analyst sentiment: Bank of America and Bernstein reiterated Nvidia as a “top pick,” setting price targets of $190 and $175, respectively.
- 2025 outlook: Bernstein highlighted Nvidia’s transition from Hopper to Blackwell chips, projecting 2025 as an “exceedingly good year” for the company.
- Regulatory impact: Chinese regulators’ anti-monopoly investigation added to investor caution but hasn’t shifted the broader long-term optimism around Nvidia.
Despite the recent correction, analysts anticipate significant growth potential for Nvidia in the coming years, fueled by advancements in AI and chipmaking technologies.
