Nvidia (NVDA) stock dropped sharply after the U.S. imposed new restrictions on exporting AI chips to China earlier this month. However, investment bank IBBA is advising clients to buy the dip. In a note to investors, IBBA acknowledged the China headwind but believes the impact is already priced into Nvidia shares. IBBA set a $600 price target, representing a 40% upside from current levels.
Yahoo Finance’s Seana Smith and Brad Smith discuss challenges Nvidia has faced and investor outlook on the company remaining a leader in advanced AI chip production. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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