Nvidia Stock Faces Decline In Coming Years As AI Chip Demand Softens, Warns Analyst: 'We're Looking At The Horizon'
Portfolio Pulse from Benzinga Neuro
Nvidia Corp (NASDAQ: NVDA) may face a decline in stock value due to potential softening demand for its AI chips, according to DA Davidson analyst Gil Luria. Despite Nvidia's recent strong performance, Luria warns of increasing competition and a possible drop in revenue as major customers develop their own AI chips. Other analysts remain optimistic, with some maintaining high price targets for Nvidia.
May 16, 2024 | 2:37 am
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DA Davidson analyst Gil Luria warns of a potential decline in Nvidia's stock due to softening demand for AI chips and increasing competition from major customers developing their own AI chips. Despite recent strong performance, Nvidia may face revenue drops.
Luria's analysis suggests that Nvidia's stock may not sustain its recent rise due to potential declines in AI chip demand and increasing competition from major customers. This could lead to a significant drop in revenue and stock price.
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