The Latest Breaking News from Atif Malik

Nvidia stock sinks as SoftBank sells entire stake in the chipmaker for $5.83 billion. Citi analyst recommends buying NVDA shares on the pullback.

Nvidia (NASDAQ:NVDA) and its semiconductor peers gained on Wednesday after Oracle’s (NYSE:ORCL) upbeat quarterly results and strong cloud guidance signaled surging artificial intelligence infrastructure demand that could boost graphics processing unit sales.

Nvidia stock gains on a multi-year AI infrastructure deal with Saudi Arabia’s Humain. Citi reiterates its bullish view on NVDA shares.

Despite the looming headwinds, analysts remain strongly bullish on Nvidia stock and expect it to soar another 100%.

Apple has been a favorite among investors. Can it maintain its streak of outstanding returns?

Cisco Systems has lagged behind the broader market over the past year, and analysts remain cautiously bullish about the stock’s prospects.

This mega-cap tech stock is trading at a significant discount to its peers, and just received a fresh 'Buy' rating from BofA.

The new product launch bodes well for the future of this AI stock.

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal.  The Street largely expected that the…