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Nvidia seen as strong buy after 30% drop, with Q2 beats and 70%+ EPS growth forecast

Analyst Insights
11 Nov 2026, 15:17 WIB
Seeking Alpha
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Bullish
Nvidia seen as strong buy after 30% drop, with Q2 beats and 70%+ EPS growth forecast

Nvidia's stock has fallen nearly 30% from its highs, but strong Q2 FY2027 results and successful new product launches like Vera Rubin show robust operations. Forward valuation is at record lows, with FY2028 earnings per share expected to grow over 70%, implying a 10.6x price-to-earnings ratio. The analyst is strongly bullish ahead of Nvidia's Q3 earnings, targeting a $293 share price, about 74% upside, driven by sustained AI demand and solid financials.

As of Nov 11, 2026 20:21 WIB, Nvidia's stock on Pluang is priced at USD 175.48, showing a 3.96% increase in one day. The platform data indicates a strong buying interest with 64% of orders favoring purchases over sales. Nvidia's market capitalization stands at $4.08 trillion, highlighting its significant presence in the technology sector.

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