1 Wall Street Analyst Thinks Nvidia Stock Is Going to $175. Is It a Buy?

Shares of Nvidia (NASDAQ: NVDA) suffered a sharp drop earlier this week. News that low-cost artificial intelligence (AI) model from DeepSeek, a Chinese AI start-up, could compete with the most advanced offerings from companies like OpenAI sent a shockwave through the tech sector.If you can build it for millions, why spend billions on Nvidia's data center chips? This is the core concern that sent Nvidia tumbling. But some Wall Street analysts believe DeepSeek's accomplishment will benefit the chip giant.Citigroup analyst Atif Malik maintained a "buy" rating on the stock with a $175 price target, implying upside of 40% over Nvidia's current share price of about $125. However, there are mixed opinions about how DeepSeek will ultimately impact Nvidia's data center business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool