Nvidia Stock declined by 8.2 percent on Thursday as some investors are concerned about the technology major losing steam.

Argus Research has reiterated a BUY rating for Nvidia Corporation (NASDAQ: NVDA), setting a 12-month target price of $175.

NVIDIA Corporation (NASDAQ: NVDA), a leader in graphics processing units (GPUs) and artificial intelligence (AI) technology, is trading near $138, with a market capitalization of $3.35 trillion.

Morningstar maintains a fair value estimate of $130 per share for Nvidia, reflecting a 12% overvaluation at its current market price of $145.89.

Zacks Equity Research has issued a strong Outperform recommendation for NVIDIA Corporation (NVDA) with a 6–12 month price target of $169.00.

The Vanguard S&P 500 UCITS ETF (ISIN: IE00B3XXRP09) has offered nearly 36 percent returns over the last 12 months period.