Nvidia (NVDA) Can “Start to Look Interesting” Soon, Well-Known Investor Says

Analysts are poised to cut their estimates on Nvidia (NVDA) soon, and the shares could “start to look interesting” after that occurs, well-known investor Dan Niles said on CNBC recently.

Separately, Morgan Stanley slashed its price target on SoFi (SOFI), a lender and fintech name, and Schwab Network explained why SOFI could be vulnerable in the current environment.

Niles Suggests NVDA Could Become a Buy Soon

Over the long term, NVDA should be boosted by “killer apps” involving AI, Niles, the founder of Niles Investment Management, predicted. As a result, the shares may begin to be “interesting” after analysts lower their estimates for the chip maker. Niles expects the latter phenomenon to occur in the near term.

However, he suggested that NVDA could remain volatile for an extended period of time.

 Morgan Stanley Slashed Its Price Target on SOFI

Morgan Stanley recently slashed its price target on SOFI to $6 from $13 while keeping an Underweight rating on the shares. According to Morgan Stanley, SOFI could be meaningfully hurt by a slowdown of consumer spending in the wake of President Donald Trump’s new tariffs.

Lower consumer spending could lead to a “lack of liquidity” in the credit market and reduced lending by SOFI and its peers, according to Schwab Network commentator Kevin Green.

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Disclosure: None. This article is originally published at Insider Monkey.