Nvidia Stock Slides Nearly 2% In Premarket Following Last Week's Pullback: What's Going On
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) experienced a nearly 2% decline in premarket trading following a pullback last week. The stock had reached an all-time high but has since fallen significantly. Analysts have mixed views, with some seeing the pullback as a buying opportunity. Nvidia's partnership with Qatari telecoms group Ooredoo highlights its long-term potential in AI.
June 24, 2024 | 12:13 pm
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Nvidia's stock fell nearly 2% in premarket trading after a significant pullback last week. Despite the decline, some analysts view this as a buying opportunity. Nvidia's new partnership with Ooredoo in the Middle East underscores its long-term potential in AI.
The stock's recent decline and premarket drop suggest short-term bearish sentiment. However, the new partnership with Ooredoo and some analysts' positive outlooks provide a mixed but overall cautious view.
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