Chip maker Nvidia (NASDAQ:NVDA) has been at the top of its market for quite some time now, but there are signs that the bloom is coming off the rose, and gravity is starting to reassert itself. However, Nvidia has some plans to shake things up and potentially recover that old spark. Unfortunately, so far, investors aren’t feeling the spirit of these plans, and Nvidia shares were down nearly 2% in Tuesday afternoon’s trading.
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First, we have word about the R100, which is said to be the next-generation graphics processing unit (GPU) with a focus on artificial intelligence (AI). These chips have been Nvidia’s pick-and-shovel core holdings throughout its recent run-up, so it would be safe to think that lightning would strike twice here. Nvidia also notes that the R100 will offer a particular feature that should catch the attention of everyone needing chips in such a market: improved power consumption levels.
RTX 5090 Release Might Be Pushed Back
But Nvidia hasn’t forgotten about the partners who got it to this dance to begin with: gamers. Indeed, Nvidia has two new cards coming up, the RTX 5080 and the RTX 5090. If you think the order in which I stated that looks a bit odd, you noticed a significant detail: there’s word the 5080 will be launched before the 5090. Many were expecting that order to be reversed, with the 5090 coming out first. However, with the Blackwell GPUs still looking for release later this year, the 5090 may be pushed back.
Is Nvidia a Buy, Sell, or Hold Stock?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 39 Buys and two Holds assigned in the past three months, as indicated by the graphic below. After a 210.57% rally in its share price over the past year, the average NVDA price target of $1,006 per share implies over 11% upside potential.
