Nvidia Corporation (NASDAQ:NVDA) shares snapped six straight sessions of losses on Friday, as the stock closed 0.8% lower at $187.44.
The AI bellwether gained 6.3% in the preceding six sessions. Overall, the stock has gained over 41% so far this year, compared to the near 15% rise in the broader S&P 500 Index (SP500).
NVDA is up 9% over the past one month.
Nvidia’s recent deal with Microsoft-backed (MSFT) OpenAI further solidifies its position as a critical provider of processing power for artificial intelligence infrastructure.
Looking at Seeking Alpha’s Quant Rating, NVDA has a Hold rating with a score of 3.5 out of 5. The company received A+ in the prospect of profitability, limited by F valuation factor.
59 Wall Street analysts have recommended Buy or above, four have given NVDA a hold rating, while one suggested Strong Sell.
Seeking Alpha analysts are also cautious and see the stock as a Hold.
“Both bear and bull cases indicate attractive long-term risk/reward, with NVDA’s moat and growth prospects supporting continued high multiples,” pointed out a recent Seeking Alpha analysis.