Reported 1 day ago
Dan Niles, founder of Niles Investment Management, is skeptical about Nvidia's (NVDA) chip demand following the company’s writedown, questioning its reliance on China for buyers. Speaking on CNBC, he highlighted signs of reduced demand, suggesting that expected capital expenditure increases are much lower than last year. Niles predicts potential cuts in Q2 earnings estimates for NVDA and other major tech firms and indicates that future evaluations for these companies remain high.
Source: YAHOO