Dan Ives Says 'Buy the Dip' in Nvidia Stock After Brutal Sell-Off Nauman Khan Fri, October 16, 2026 at 1:54 PM EDT NVDA -1.19% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Dan Ives remains bullish on Nvidia (NASDAQ:NVDA) after the chipmaker's recent retreat, viewing the pullback as a possible entry point rather than a warning sign.
Wedbush analyst Dan Ives retained his Outperform rating and $300 price target, viewing the latest share-price weakness as a potential entry point.
Warning! GuruFocus has detected 4 Warning Signs with NVDA.
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Shares slipped roughly 5% over the previous two sessions as semiconductor stocks came under pressure. Investor concerns include borrowing costs and the expense of financing new AI data-center capacity.
Ives argues that spending remains supported by contracts and cash generation at major cloud providers. Nvidia's preliminary fiscal 2028 outlook points to revenue growth of about 70%, with restricted supply expected to remain a bottleneck.
The analyst's thesis also encompasses Nvidia's wider technology portfolio. Networking equipment, integrated computing systems and CUDA software work alongside its graphics processors, giving the company exposure to several parts of AI infrastructure. Ives expects investment to extend beyond training models toward reasoning applications, autonomous agents and robotics, potentially creating additional demand for computing capacity.
