_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 zscaler price 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
Related Videos
_10-energy-saving-tips-for-your-home-124-the-money-edit.webp "1. TURN OFF STANDBY APPLIANCES<br/>Your devices might still be using small amounts of power. Even if they’re on standby mode.<br/><br/>2. DON’T BE SO HOT<br/>Turn your thermostat down. We get it, it’s nice to be toasty. But turning your heating down by just one degree could lower your bill.")
_palantir-stock-plummets-15-as-first-quarter-earnings-disappoint-investors.webp "Palantir's stock has risen significantly in the past year, but its first-quarter earnings did not meet investors' expectations, causing a 15% drop in stock price. However, analyst Daniel Ives sees this as a good opportunity to invest in Palantir's AI platform, which is performing well. With a growing client base and shorter sales cycles, Palantir is expected to continue its growth trajectory. Ives has given the company an Outperform rating and a $35 price target, while other colleagues have a more cautious outlook.")
_european-companies-in-china-feel-the-squeeze-as-economic-growth-slows-down.webp "European companies operating in China face increasing pressure as China's economic growth slows down and overcapacity issues rise. Profits margins for European firms in China are at an 8-year low, with only 30% reporting higher profits than their global average. The slowing real estate sector and geopolitical tensions have contributed to China's economic downturn. Overcapacity is a major issue, especially in industries like construction, automotive, and engineering. It has led to price drops. Getting paid on time by Chinese clients is also a growing challenge as it became more difficult to enforce contracts versus the prior year.")
![[ Hot Drama ] | 【ENG SUB】After the collapse of the bride price with boyfriend, I married the man in 100 billion!](https://cdn5.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KEayHHGSwEISWHyyYHKMKHP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_hot-drama-124-hot-drama-124-eng-subafter-the-collapse-of-the-bride-price-with-boyfriend-i-married-the-man-in-100-bill.webp "[ Hot Drama ] | 【ENG SUB】After the collapse of the bride price with boyfriend, I married the man in 100 billion!")
⏲ 2:21:38 👁 105K
_pnb-share-latest-news-today.webp "PNB SHARE LATEST NEWS TODAY | PNB BANK SHARE PRICE ANALYSIS |PNB STOCK TARGET TOMORROW")
_reasons-behind-decrease-in-car-prices.webp "Reasons behind decrease in car prices<br/><br/>#cars #bakhabarsavera #arynews <br/>")
_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.webp "Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.")
![[ Hot Drama ] | 【ENG SUB】After the collapse of the bride price with boyfriend, I married the man in 100 billion!](https://cdn3.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KEayXAwSwEJyQG3SSI1IUEv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_hot-drama-124-eng-subafter-the-collapse-of-the-bride-price-with-boyfriend-i-married-the-man-in-100-billion.webp "[ Hot Drama ] | 【ENG SUB】After the collapse of the bride price with boyfriend, I married the man in 100 billion!")
⏲ 2:21:38 👁 55K
_10-energy-saving-tips-for-your-home-124-the-money-edit.jpg)
_palantir-stock-plummets-15-as-first-quarter-earnings-disappoint-investors.jpg)
_european-companies-in-china-feel-the-squeeze-as-economic-growth-slows-down.jpg)
_hot-drama-124-hot-drama-124-eng-subafter-the-collapse-of-the-bride-price-with-boyfriend-i-married-the-man-in-100-bill.jpg)
_pnb-share-latest-news-today.jpg)
_reasons-behind-decrease-in-car-prices.jpg)
_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.jpg)
_hot-drama-124-eng-subafter-the-collapse-of-the-bride-price-with-boyfriend-i-married-the-man-in-100-billion.jpg)
![[+]](/images/menu.gif){kind=small}