_analyst-challenges-nvidia39s-ai-dominance-predicts-28-plunge-in-stock-price.jpg "Analyst Challenges Nvidia's AI Dominance, Predicts 28% Plunge in Stock Price from byjus share price graph Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 590K times
✓ Published: 08-May-2024
👁 View: 590K times
✓ Published: 08-May-2024
Description:
D.A. Davidson analyst Gil Luria predicts a significant 28% drop in Nvidia's stock price from $864 to a target of $620 over the next year. Luria predicts major tech companies like Google, Amazon, Meta, and Microsoft will reach GPU capacity needs, reducing demand growth for Nvidia's chips. Some big customers are also turning to Nvidia's rival AMD for AI chips that are claimed to be better than Nvidia's for certain uses. While most analysts are bullish on Nvidia, others share concerns about high expectations not being sustainable and risks from tensions with China.
D.A. Davidson analyst Gil Luria predicts a significant 28% drop in Nvidia's stock price from $864 to a target of $620 over the next year. Luria predicts major tech companies like Google, Amazon, Meta, and Microsoft will reach GPU capacity needs, reducing demand growth for Nvidia's chips. Some big customers are also turning to Nvidia's rival AMD for AI chips that are claimed to be better than Nvidia's for certain uses. While most analysts are bullish on Nvidia, others share concerns about high expectations not being sustainable and risks from tensions with China.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_all-about-shares-124-learn-with-byju39s.webp "BYJU'S")
_american-businessman-warren-buffett39s-advice-on-investments.webp "Warren Buffett, the chairman of Berkshire Hathaway (BRK.A), is the most successful investor of our time. His daughter, Susan, worked as my assistant when I was the publisher of a magazine 40 years ago. Just before she got married, Susie told me she worried that her fiancé’s parents had bought a couple of shares of Berkshire stock — and what if it tanked? At the time, the price was about $1,000 a share. Today, it’s $507,000 a share. I hope the in-laws hung on.")
_the-shocking-downfall-of-byju39s.webp "Shivanshu Agrawal")
_explained-inversion-in-yield-curve.webp "BYJU'S IAS")
_noob-to-pro-but-every-100-levels-i-have-to-roll-a-fruit-part-3.webp "Meteoric")
_inside-the-life-of-byjus-cofounder124-brut-sauce.webp "Brut India")
_pnb-share-latest-news-today.webp "PNB SHARE LATEST NEWS TODAY | PNB BANK SHARE PRICE ANALYSIS |PNB STOCK TARGET TOMORROW")
_361-billion-test-for-the-art-market-here39s-what-to-know.webp "CNBC Television")
_all-about-shares-124-learn-with-byju39s.jpg)
_american-businessman-warren-buffett39s-advice-on-investments.jpg)
_the-shocking-downfall-of-byju39s.jpg)
_explained-inversion-in-yield-curve.jpg)
_noob-to-pro-but-every-100-levels-i-have-to-roll-a-fruit-part-3.jpg)
_inside-the-life-of-byjus-cofounder124-brut-sauce.jpg)
_pnb-share-latest-news-today.jpg)
_361-billion-test-for-the-art-market-here39s-what-to-know.jpg)
![[+]](/images/menu.gif){kind=small}