Nvidia Stock Plummets
Nvidia (NASDAQ: NVDA) shares have fallen below $200, marking a 16% decline from its recent highs and only a 6% increase for the year, following several days of heavy selling pressure. Despite these challenges, analysts project an 82% growth rate for the rest of 2023 and a 41% increase by 2027, driven by expected hyperscaler spending that could exceed $1 trillion by 2027.
Analysts forecast earnings of $12.76 per share for fiscal 2028, leading to a potential share price of $319 if valued at a 25x earnings multiple. This indicates a possible upside of 50% to reach $300 per share by late 2027.
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