Nvidia Stock Falls Below $200 Again, Bernstein Gives Buy Rating (NVDA)
Nvidia stock (NASDAQ: NVDA) has once again dipped below the $200 level, ending Tuesday’s trading session at $196. This is the fourth time that NVDA went above the $215 range and dropped to the $190 zone this year. The leading GPU maker has been cyclical in its price movements, making its next move predictable. The entire AI ecosystem is facing an overhaul with corrections for close to a month. SK Hynix stock has fallen below its US IPO launch rate of $150 and is trading at $143. SanDisk stock has plunged nearly 38% in 30 days, making it the least-performing asset in July.
Also Read: AMD Crashes 3.2% In Pre-Market After 5% Lower Close: Why?
Bernstein’s Price Target For Nvidia Stock (NVDA)
On the heels of the ongoing correction and volatility, leading global asset management firm Bernstein has maintained its buy rating on Nvidia stock. The investment bank wrote in a note sent to clients on Tuesday (July 28, 2026) to accumulate NVDA below the $200 mark and provided a price target with a bigger prediction. The Wall Street firm is confident that the GPU manufacturer has upside steam left and can deliver profits of more than 50%.
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