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In a post on X, PM Modi said, 'Mr. Jensen Huang was appreciative of the strides India has made in AI and was equally upbeat about the talented youth of India'
"We believe tech stocks rip higher into year-end with the new tech bull market here," Wedbush said.
"Nvidia's unmatched software capabilities and exposure to secular AI and data center tailwinds reinforce its position as a top secular grower."
"Dare we say Nvidia is now cheap?" Melius Research analysts Ben Reitzes and Nick Monroe wrote in a note to investors.
The chipmaking giant's forward price-to-earnings ratio has tumbled to its lowest level since December 2022, according to data from Refinitiv.