Nvidia Dips Under $200 But Bernstein Stays Bullish on NVDA

Nvidia stock closed Tuesday at $196, marking another slide below the $200 threshold. This pattern is becoming familiar as the stock has frequently climbed above $215 only to drop back into the $190 range throughout the year. The broader hardware and AI sector is seeing a rough month, with companies like SK Hynix and SanDisk also facing sharp price corrections.

Despite the current volatility, the firm Bernstein has kept a buy rating on Nvidia. Analysts believe that buying the stock at these levels is a strong move for those looking at the long term. They suggest that the current price provides an attractive entry point before the stock potentially regains its momentum.

Bernstein analyst Stacy Rasgon has set a price target of $315 for the shares. If this target holds, investors entering at the current price could see a return of over 60 percent. While the AI sector remains highly cyclical and fast moving, the consistent interest from both retail and institutional buyers keeps Nvidia at the center of market attention.