Nvidia’s 6-Month Low Sparks Wall Street to Go All-In Shouting “Too Cheap to Ignore”--Shares Moon...

After getting absolutely wrecked—down 27% in three weeks—Nvidia is finally staging a comeback. The stock hit a six-month low of $104.77 on Tuesday before pulling an “ADRIAN!” chant, closing up 1.7% at $108.76. So far today? Nvidia is mooning 5.83%. 

(Source: Giphy) 

So, what changed? Did AI suddenly stop being overhyped? Did the market suddenly remember that Nvidia has a monopoly on AI chips? Or is this just a classic case of big money buying the dip while retail investors yeet their Robinhood accounts? 

Short answer: Wall Street says Nvidia is “Too cheap to ignore”. For instance, BofA Securities just doubled down on its $200 price target, calling Nvidia’s current valuation “very compelling” ahead of its flagship GPU Tech Conference next week. Translation: Wall Street thinks this sell-off is dumb, and they’re licking their chops at a buying opportunity.

(Source: IBD) 

Additionally, Wedbush’s Daniel Ives, one of the loudest AI bulls in the game, isn’t backing down either, saying: “Our bullish calls on Nvidia, and many of the Mag 7, have been upside down this year... but our calls aren’t for the next few months; they’re for the next 1, 3, and 5 years.” In other words, stop crying about short-term volatility and zoom out—AI isn’t going anywhere, and Jensen Huang still has that dawg in him. 

But, but, but… next week's GTC Conference is no doubt a make or break moment. In fact, it could be a whole turning point for tech stocks, according to Ives. Why? Because Nvidia is expected to drop some serious heat on, including more information on its Blackwell Ultra & Rubin processors (aka, the next-gen AI chips everyone will be fighting over). Adding to the list, is Nvidia’s network advancements and long term bets like autonomous cars, physical AI, robotics, and quantum computing which could also spark a new frenzy. Meaning, if the company delivers big, expect Wall Street to go full-send. 

(Source: Investopedia) 

Of course, sky-high valuations and Trump’s random tariff threats have been the major reason why we’re seeing correction levels in tech, but don’t forget why Nvidia ran up in the first place. AI infrastructure spending isn’t slowing down. Tech giants are still throwing billions at Nvidia’s chips to stay in the AI arms race. Plus, the AI inference market is just getting started. For instance, Nvidia’s latest Blackwell AI chips are built specifically for inference—a market expected to grow 35% annually through 2031. Automotive, on the other hand, is the dark horse. How much of a dark horse, you ask? Well, Obi Huang Kenobi and his chip Jedi’s expect automotive revenue to TRIPLE this year to $5B, thanks to rising demand for autonomous tech. Bigly. 

So yeah, in the end, the bull case for Nvidia is still technically intact. Yes, AI stocks got a reality check. Yes, the momentum trade cooled off. But in the grand scheme of things, Nvidia is still running the friggin’ table. With a total addressable market of $1.7 trillion, Nvidia’s current revenue of $131B is just scratching the surface. If next week’s GTC Conference hits the right notes, expect the stock to make a serious comeback.

(Source: Giphy) 

And honestly? If history has taught us anything, it’s that betting against Nvidia has never been a great idea. In the meantime, keep your eyes on Nvidia and place your bets accordingly, friends. As always, stay safe and stay frosty! Until next time… 

P.S. Robert Smalls, a big swingin’ Managing Director for StockBridge dumped $27 million in a little known aerospace company on March 10th. In less than 24 hours, we dropped a deep-dive analysis exclusively for Stocks.News premium members, breaking down the why, what it means, and how to play the aerospace sector moving forward—all while retail investors were still wiping their tears from last week's losses. Meaning, if you aren’t in the Stocks.News premium club, well, it goes without saying that you’re missing out. Don’t miss out. Click here to join ASAP… 

Stocks.News holds positions in Robinhood as mentioned in the article.