Prediction: Nvidia Stock Could Rally After May 28
A long-time darling of the stock market, Nvidia's (NASDAQ: NVDA) stock fell more than 40% from its 52-week high in January 2025 to a 52-week low in April 2025. Investors were concerned about the potential decline in enterprise spending on artificial intelligence (AI) infrastructure and the impact of tariff wars.However, investor sentiment has recently turned for the better after Nvidia announced recent developments regarding its partnership with Humain, a new AI-focused branch of Saudi Arabia's Public Investment Fund. The stock has recovered most of its losses and is up 30% in the last month. While the stock remains approximately 9% below its January high, it appears positioned to surge in the coming months, especially after it releases its first-quarter 2026 earnings results (for the period ending April 27) on May 28.Image Source: Getty Images.Continue reading
A long-time darling of the stock market, Nvidia's (NASDAQ: NVDA) stock fell more than 40% from its 52-week high in January 2025 to a 52-week low in April 2025. Investors were concerned about the potential decline in enterprise spending on artificial intelligence (AI) infrastructure and the impact of tariff wars.
However, investor sentiment has recently turned for the better after Nvidia announced recent developments regarding its partnership with Humain, a new AI-focused branch of Saudi Arabia's Public Investment Fund. The stock has recovered most of its losses and is up 30% in the last month. While the stock remains approximately 9% below its January high, it appears positioned to surge in the coming months, especially after it releases its first-quarter 2026 earnings results (for the period ending April 27) on May 28.
Image Source: Getty Images.
