1 Semiconductor Stock with 141% Upside, According to Wall Street
The technology sector is heavily beaten down this year. The Nasdaq-100 index has fallen 30% year to date, placing it firmly in bear market territory as investors reprice their expectations for growth amid rapidly rising interest rates and geopolitical tensions.
When the market is this volatile, it can be hard to separate the high-quality opportunities from the stocks that could suffer even steeper losses. But taking note of Wall Street's recommendations can sometimes be a guiding light in difficult times, especially when they put forward a company with strong growth and big profits that is operating in one of the hottest industries in the world.
Semiconductor powerhouse Nvidia (NASDAQ: NVDA) ticks all the boxes, and here's why one Wall Street investment firm thinks its stock price could more than double in value from here.
Source Fool.com
