Nvidia Downgraded by HSBC as GPU Pricing Power Weakens

By Yahoo! Finance   |   1 month ago
Nvidia Downgraded by HSBC as GPU Pricing Power Weakens

Nvidia shares dropped over 6.5% after HSBC downgraded the stock to Hold due to concerns about pricing strength in the AI GPU market. Analysts noted a shift in pricing dynamics and lowered price target to $120, but highlighted potential growth opportunities in robotics and autonomous AI.

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