Quick Read – NVDA earns a BUY with a $252 price target as an 85% revenue surge collides with a 12% one-month drawdown at $197. – AMD fell nearly 6% in the July 1 chip selloff as institutions rotated out of semiconductors across the board. – Michael Burry is short NVDA, but $48…
llion in quarterly free cash flow and 54 analyst Buy ratings argue the fundamentals haven’t cracked. – Our NVIDIA (NASDAQ:NVDA) 24/7 Wall St. price target for the next 12 months is $252.14, implying 27.62% upside from the current price of $197.58. NVIDIA has slipped hard in the recent AI-compute selloff, but the fundamentals under the hood have not cracked
Our recommendation is buy, with a high confidence level of 90%. How NVIDIA Got Caught in a Sector-Wide Reset NVIDIA is down 11.84% over the past month, retreating from a mid-May peak near $225.32. Even after the pullback, shares are still up 6.07% year-to-date and 29.05% over the past year, with the stock currently sitting between a 52-week low of $157.13 and a high of $236.26.
The July 1 semiconductor session was ugly, with KLA down 12.3%, Micron down 8%, and AMD down 5.73% as institutions rotated out of chips. Q1 FY2027 revenue hit $81.615 billion, up 85.23% year-over-year, with non-GAAP EPS of $1.87 beating consensus by 5.42%, the fourth straight beat. Data Center revenue reached $75.246 billion (up 92% YoY), and management guided Q2 to $91 billion, again excluding any China Data Center compute.