Nvidia Stock Price Falls 7 Days as Raymond James Sees 69% Upside
Key Insights
- Nvidia Stock price posted its longest losing streak since 2022.
- Raymond James reportedly raised its price target to $352 from $330.
- Earnings and China export scrutiny created two near-term catalysts.
Nvidia shares entered Tuesday under pressure after a seven-session decline pushed the stock to its longest losing streak since 2022. The Nvidia Stock price closed Monday at $208.48, down 2.91%, as investors reduced technology exposure before Wednesdayโs earnings report.
The retreat placed Nvidia at the center of a broader test for artificial intelligence spending. Options markets also priced a smaller post-earnings move than recent history, suggesting traders expected less extreme volatility despite the approaching catalyst.
Nvidia Stock Price Extends Seven-Session Decline
Raymond James market data showed NVDA closed Aug. 24 at $208.48 after trading between $207.25 and $215.59. Volume reached about 135.2 million shares, above the listed average of roughly 115.6 million.
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