Since ChatGPT was introduced in late 2022, artificial intelligence has driven Nvidia forward to 900% gains, making it the second most valuable stock with a $3.34 trillion market cap.
This year is off to a rockier start as issues with its newest AI accelerator and geopolitical concerns pose strong headwinds, causing Nvidia's stock to rise just 1.5%.
Wall Street remains upbeat about the stock and forecasts that NVDA will hit a $4 trillion valuation this year, despite immediate challenges.
HSBC analyst Frank Lee cut his price target on Nvidia from $195 to $185, citing potential headwinds in the first half of the year.
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