STOCK IN FOCUS: More Nvidia profit-taking

NEW YORK (dpa-AFX) – At Nvidia (NASDAQ:), profit-taking has continued since the record high reached on Tuesday: The shares of the chip manufacturer, whose products are leading in AI applications, lost up to a further 4.2 percent on Friday . Most recently there was a loss of 2.5 percent to 136.62 US dollars – this brought them back to the 21-day average line, which was considered a technical chart indicator for the short-term trend. Other chip stocks like On Semiconductor, AMD (NASDAQ:) and Intel (NASDAQ:) are under more pressure heading into the weekend.

Nvidia criticized new export restrictions from the outgoing US government under President Joe Biden, the circles could be announced this Friday. It makes no sense to introduce controls on run-of-the-mill data centers and technology that is already built into gaming PCs around the world under the guise of an anti-China policy just before Donald Trump’s inauguration, said Ned Finkle, the company’s vice president of government affairs . These measures would not contribute to U.S. national security, but would simply push other countries toward other technologies.

The measures would provide districts with three levels of recommendations for chips. A group of US allies continued to have full access to American semiconductors. However, new conditions would apply to most countries, including limits on the total computing power that could go to a country. A White House National Security Council official declined to comment.

Optimism for Nvidia continues to dominate among analysts. Several experts who commented on the stock in the still young year of 2025 make positive investment recommendations – with price targets of $170 to $190, which still have room for improvement even from the record of $153.13. An exception is Ross Seymore from Deutsche Bank (ETR:) Research, which combines a “hold” vote with a target of $140.