![]() NVIDIA stock forecastĪlthough NVIDIA shares have been selling off over the past month, there are some institutions that are certainly loading up on this dip. Another interesting point to note: Citigroup spoke glowingly about AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC) in the report, but failed to mention NVIDIA as a beneficiary of the sales. ![]() The report was favorable, which has helped to ease persistent concerns of the ongoing global chip shortage and how it has affected the demand for electronic products. Just one day after Citigroup released a report that supported a list of semiconductor stocks not named NVIDIA, the investment arm of the bank released a report on laptop sales. The Dow Jones and S&P 500 pulled back as well ahead of a key Federal Reserve decision on Wednesday about a transition away from its easing policies that have helped support the markets during the pandemic. The tech-heavy NASDAQ was once again the hardest hit index dropping by 1.14% after falling by 1.39% to start the week on Monday. ![]() The late-day gains were welcomed by NVIDIA shareholders, as growth stocks continued to get battered down during the ongoing sell off. On Tuesday, shares of NVDA gained 0.62% and closed the trading day at $283.37. ![]() NASDAQ:NVDA investors finally saw an end to the bleeding that has been steadily hitting the stock for the past month.
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