Nvidia Selloff: 'Simply Another Buying Opportunity,' Says Cantor Fitzgerald

Nvidia's Stock Plunges

Nvidia's (NVDA) stock plunged 6.3% in after-hours trading on Thursday after the company reported weaker-than-expected fourth-quarter results.

The chipmaker's revenue came in at $7.64 billion, below analysts' estimates of $7.71 billion.

Analyst's Reaction

Despite the sell-off, Cantor Fitzgerald analyst John Vinh maintained an "Overweight" rating on Nvidia's stock.

"Simply Another Buying Opportunity"

Vinh said the selloff is "simply another buying opportunity" for investors.

He believes Nvidia's long-term growth prospects remain intact, driven by the adoption of artificial intelligence (AI) and the company's strong position in the gaming market.

Stock Analysts

According to a survey of stock analysts, 37 rate NVDA a buy, 20 rate it a hold, and 3 rate it a sell.

Analyst Price Targets

The average price target among analysts covering NVDA is $316.36, with a high of $400.00 and a low of $240.00.

Key Takeaways

• Nvidia's stock plunged 6.3% after reporting weaker-than-expected fourth-quarter results.
• Cantor Fitzgerald analyst John Vinh maintained an "Overweight" rating on Nvidia's stock.
• Vinh believes the selloff is "simply another buying opportunity" for investors.