Nvidia briefly held the world's most valuable company title but lost ground to tech giants like Microsoft and Apple.
) meteoric rise in 2024 wasn't without its bumps. After a brief dip in April, the chipmaker surged to become the world's most valuable company by market cap on June 18th.CEO Jensen Huang's company now faces the challenge of regaining its lost ground.
Nvidia's sustained growth and robust financial health continue to attract investor confidence, reinforcing its position as a key player in the tech sector.On average, analysts surveyed by InvestingPro set Nvidia's target price at $132.34 per share, up 7.88% from the July 2 price. As many as 51 experts assign the stock a Buy rating, for 4 it is Hold, while none recommend selling the stock.
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