nvidia share price

**Why This Top-Rated Analyst Just Downgraded Nvidia Stock (NVDA)**

HSBC downgraded chipmaker Nvidia from a Buy to a Hold rating. This decision was made on Thursday, citing concerns over the company’s diminishing pricing power for GPUs. Following this announcement, Nvidia’s stock experienced a decline during the trading session.

4.3-star analyst Frank Lee noted that Nvidia had previously benefited from robust pricing for AI GPUs over the last two years. However, newer products, such as the B300 GPU and GB300 rack system, have not demonstrated significant price increases compared to their predecessors. Lee also pointed out that the upcoming Vera Rubin system will not enhance the GPU count per rack, remaining at 72 GPUs, consistent with the current Blackwell system. This situation is not expected to change until the release of the Rubin Ultra in 2027.

Due to these factors, Lee has adjusted his price target for Nvidia from $175 to $120 and has revised his earnings and revenue forecasts for Fiscal Year 2026. Despite this downgrade, he maintains that Nvidia has long-term growth prospects in sectors like robotics and autonomous AI, which could contribute to the company’s expansion in the future.

In the short term, however, Nvidia may encounter a slowdown in demand from cloud service providers and a potential pause in orders from significant AI clients such as DeepSeek, which could adversely affect growth.

Overall, analysts continue to express optimism regarding NVDA stock, with a Strong Buy consensus rating based on 39 Buys and three Holds assigned in the past three months. Additionally, the average price target for NVDA stands at $176.54 per share, suggesting a potential upside of 70.7% from current levels.

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**Stocks Making the Biggest Moves Midday: Lululemon, Nike, Tesla, Nvidia, and More**

Published on April 3, 2025, at 1:20 PM EDT, and updated three hours later, this report highlights significant stock movements in midday trading.

**Company Updates:**
– Lululemon: Shares of the athleisure company fell 9.6% due to President Donald Trump’s tariffs on imports, particularly affecting the 40% of products sourced from Vietnam, which now faces a 46% tariff. Nearly 90% of Lululemon’s products are manufactured in Vietnam, Cambodia, Sri Lanka, Indonesia, and Bangladesh.

– Deckers Outdoor: The Ugg maker’s stock dropped 14.5% following the same tariff announcements, with 68 supply chain partners in Vietnam and 125 suppliers in China.

– Nike: Shares declined by 14.4% as the company, which produces about half of its footwear in China and Vietnam, faces tariff rates of 54% and 46%, respectively.

– Discount Retail Stocks: Five Below and Dollar Tree saw their shares decrease by 27.8% and 13.3%, respectively, as both companies rely heavily on imported goods. Dollar Tree’s CEO indicated potential price increases to mitigate tariff impacts.

**Market Movement:**
– Bank Stocks: Several bank stocks retreated as traders assessed the economic implications of the tariffs. Goldman Sachs and Morgan Stanley each fell over 9%, while JPMorgan Chase, Bank of America, and Citi experienced declines of approximately 7%, more than 11%, and more than 12%, respectively.

– Automotive Stocks: Ford’s stock decreased by 6% after announcing employee pricing on multiple models, coinciding with the implementation of Trump’s 25% tariffs on imported vehicles.

– Big Tech Stocks: Major technology stocks faced declines amid concerns over tariff pressures. Tesla’s shares fell 5.5%, while Amazon and Apple dropped by 9% and more than 9%, respectively. Alphabet’s shares decreased by 4%.

– Semiconductor Stocks: Despite the White House stating that semiconductors would not be subject to the new tariffs, shares of chipmakers were negatively affected. Nvidia and Advanced Micro Devices fell by 7.8% and 8.9%, respectively, while Broadcom and Qualcomm saw declines of 10.5% and 9.5%.

– Microsoft: Shares decreased by 2.4% following reports that the company is scaling back its global data center projects.

– RH: The luxury home furnishing company experienced a significant drop of 40.1%, marking its worst day on record, after reporting weaker-than-expected fourth-quarter earnings and guidance.

– Wayfair: Shares tumbled 25.6% due to the newly announced tariffs affecting imports from countries like Vietnam, Thailand, Cambodia, and the Philippines.

– Lyft: The ride-sharing company’s stock fell 11.4% after a double downgrade to underperform from buy at Bank of America, citing challenges from autonomous vehicles.

– Lamb Weston: In contrast, shares of the food processing company rose by 10% after reporting better-than-expected third-quarter results, with adjusted earnings of $1.10 per share on $1.52 billion in revenue, surpassing analyst expectations.

This overview captures the significant fluctuations in stock prices influenced by recent tariff announcements and company-specific developments.