Analyst updates Nvidia (NVDA) stock price target

Nvidia (NASDAQ: NVDA) closed on Tuesday at $130.39, marking a 1.22% decline after slipping as low as $127.07 before reclaiming the critical $130 psychological support level. The chipmaker’s retracement may signal a potential turning point as it continues to weather recent market volatility.In pre-market trading on Wednesday, Nvidia showed signs of recovery, climbing 3.21% to $134.58. The bounce comes as Wall Street analysts maintain their confidence, reiterating buy ratings and highlighting the long-term gr ...