Contra
Many Wall Street analysts are still bullish on Nvidia, which has achieved astounding success to become the largest company by market cap in the world, worth roughly $5 trillion. The company’s stock is also still up about more than 11%% year-to-date, despite the recent slump. At least one analyst at Cantor Fitzgerald told investors in a research note on Monday they expected the stock to begin climbing again very fast, MarketWatch first reported. The analyst put a target price of $350—about 67% higher than it was trading on Monday.
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Forbes Valuation
We estimate Nvidia CEO Jensen Huang’s net worth at $181.7 billion, making him the eighth-wealthiest person in the world as of Monday. Huang owns about 3% of Nvidia, and his net worth fell by about $3.8 billion as the company’s stock tumbled on Monday.
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Further Reading
ForbesNvidia Stock Loses $130 Billion In Market Value As Firm Reportedly Enters $500 Billion AI Financing DealBy Antonio Pequeño IV