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Nvidia stock extended losses early on Wednesday after sinking more than 9% to close at $108 as the overall market declined on the first trading day of the month.
Some 90% of analysts recommend buying Nvidia stock and see shares hitting $149.38 over the next 12 months, according to Bloomberg consensus estimates. Shares stood at $147.36 Friday.
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Nvidia stock fell nearly 5% Thursday on investor fears of a slowdown in artificial intelligence spending and potential delivery delays of its AI chips. Semiconductor stocks suffered across the board.
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