Nvidia is set to end the week slightly lower after some volatile market days. Wall Street is still bullish on the stock.
) closed on Friday with a weekly loss of 2% as investors continue to sort through what's been a challenging last several weeks for the year's hottest trade.
Talk of a possible delay for Nvidia’s Blackwell next-generation chip put added pressure on the stock earlier this week. A two-month wait for the chips wouldn’t be inconsequential, analysts say, but it would still not be enough to move the needle on Wall Street expectations.Curtis's team stated in a recent note the Nvidia delays "are real, but not a thesis changer." The company is set to report quarterly results at the end of August.
"This suggests the recent setback was due more to crowded positioning as opposed to a shift in fundamentals," Lerner wrote in a note to clients. "When it comes to technology, what's very apparent is not just the macroeconomic picture but also the fact that people want to see ... evidence that that GenAI trade is actually driving positive outcomes," Luke Barrs, managing director at Goldman Sachs Asset Management,Augustinus Bader’s Ultra-Coveted Rich Cream Is 25% Off Right Now
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