Reported 5 months ago
DA Davidson analyst Gil Luria predicts a potential 20% drop in Nvidia stock over the next 18 months due to anticipated lower demand for Nvidia's GPUs and increased competition. Despite Nvidia's recent strong performance and record revenue, Luria believes that the company's winning streak will not last forever, with potential stock declines of up to 14% by 2026 and 20% in the next year and a half. Luria's bearish outlook contrasts with the bullish sentiments of other analysts and investors, as Nvidia's major customers like Meta, Alphabet, and Amazon are developing their AI chips, reducing dependency on Nvidia over time.
Source: YAHOO