Nvidia Stock Price Upgraded Following Selloff as Volatility Continues

Nvidia's stock (NASDAQ: NVDA) has been boosted today by an upgrade by Tigress Financial analyst Ivan Feinseth from a Buy rating to a Strong Buy. The price target moved up to $220, increased from $170. The upgrade follows a significant selloff yesterday, which Tigress Financial regards as a “major buying opportunity,” with shares dropping to levels not seen since early October.

Tigress maintains that uncertainties exist around the capabilities of the R1 AI model released by the Chinese startup DeepSeek, and cautions about potential security concerns. Nvidia's shares moved upwards, currently trading at $120.06, a 1.38% increase from the previous close, signifying investor confidence in the stock's resilience and long-term prospects.

The analyst pointed to the ongoing investment in AI technology and data centers, which is expected to progress over multiple years, as a crucial factor for continued development and buildout. Nvidia, being the premiere supplier of AI-driving graphics processing units, is poised to benefit substantially from these industry trends. Despite the competition implied by DeepSeek's recent announcement, Tigress Financial maintains that Nvidia's position in the market remains solid and the recent selloff has, if anything, created an attractive point for investment in the company.

Nvidia, headquartered in Santa Clara, California, continues to lead within the semiconductor and technology sectors. Its operations include Graphics segments, which cover everything from GeForce GPUs for gaming to solutions for gaming platforms, and professional visual computing. Additionally, the Compute & Networking segment covers a wide range of products from data center computing platforms to the NVIDIA DRIVE automated-driving platform, catering to various markets like gaming, professional visualization, data center, and automotive markets.

With a market capitalization of approximately $2.94 trillion, Nvidia has seen a 52-week stock price range between $60.7 and $153.13. The stock opened up at $121.81, and has hit an intraday low of $116.25 and a high of $122.20.