AI sets NVDA's next low target after analysts declare Nvidia in a ‘bubble' and ‘overhyped'

Analysts are now projecting a grim future for semiconductor manufacturer Nvidia’s (NASDAQ: NVDA) stock, which is facing significant sell-offs.Although NVDA experienced substantial growth in the first half of 2024, the stock is now struggling to maintain crucial support levels and is currently facing the threat of dropping below the $100 mark.Notably, concerns regarding the bearish outlook will likely escalate as hedge fund Elliott Management informed investors that Nvidia is in a “bubble.” According to the ...