Analyst surprisingly cuts Nvidia stock target amid a growing threat

Nvidia stock  (NVDA)  has lost more than 7% since the company posted quarterly earnings on Aug. 27, though shares remain up 25% year to date. The artificial intelligence chipmaker has been a massive beneficiary of the generative AI boom following the launch of ChatGPT. Its shares surged 171% in 2024, making it one of the top performers of the year. During the first half of the year, Nvidia faced a string of challenges, including tariff tensions, the U.S. tightening export restrictions on advanced chips, ...