Nvidia's latest earnings announcement on Wednesday followed a now-familiar script: After weeks of anticipation, Nvidia delivered results that beat expectations, CEO Jensen Huang reaffirmed his bullish outlook on AI, and Wall Street breathed a collective sigh of relief.
And yet, despite another round of record-breaking results, investors were somehow left unimpressed. On Thursday morning, Nvidia's share price was down as much as 5%, as investors apparently remain anxious about the long-term trajectory of AI.
Nvidia price is undervalued right now. Most analysts say the stock should be around $240 right now.
