Reported 4 days ago
In a surprising forecast, veteran fund manager Doug Kass predicts that Nvidia's stock price could plummet to between $50 and $75 in 2025, following allegations of inflated earnings due to double ordering practices. Despite Nvidia's remarkable growth in 2024 and its dominance in the AI chip space, analysts express concerns about rising competition and potential slowdowns in AI spending that could impact the company's future performance.
Source: YAHOO