Reported about 1 month ago
Nvidia's stock has recently faced a downturn due to investor concerns over slowing AI demand, but Goldman Sachs analyst Toshiya Hari remains optimistic. He cites strong demand for accelerated computing beyond just hyperscalers and believes Nvidia's competitive edge and valuation make the sell-off unjustified. While acknowledging the need for Big Tech to monetize AI investments, he suggests that hyperscalers are beginning to see returns, and notes that challenges in monetization could impact the whole sector, not just Nvidia.
Source: YAHOO