🌟🌟🌟Nvidia $NVIDIA(NVDA)$ got off to a poor start last Monday when the outgoing Biden administration issued new regulations on chips exports. However Nvidia broke a 5 day losing streak on Wednesday and is up 3% on Friday.
Last week CEO Jensen Huang said that Nvidia is launching an AI platform Cosmos to train robots for autonomous vehicles and humanoids. It is also making blueprints for agentic AI.
I am still bullish on Nvidia and believe this is a great time to buy on its retracement as I expect Nvidia's exponential growth ahead is by no means over yet. Wall Street Analysts are also bullish on Nvidia with a Buy rating, Average Target price of USD 176.86. That is an upside potential of 39%. This is according to 39 analysts surveyed by Tipranks.
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