_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 meta trader 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
_bristols-largest-air-raid-shelter-is-open-to-the-public.webp "We look at bristol’s largest and best preserved air raid shelter that is now open to the public. Up to 175 traders, brewery workers from Welsh Back and council officers would have taken cover inside the five-room shelter in World War Two. we will be looking at bristols largest and best preserved air raid shelter that is now open to the public. Up to 175 traders, brewery workers from Welsh Back and council officers would have taken cover inside the five-room shelter in World War Two.")
_jim-cramer-advises-investors-to-brace-for-economic-slowdown-shares-tips-to-maintain-balanced-portfolio-39i39m-not-tellin.webp "Cramer, in his recent show, highlighted the importance of maintaining a balanced portfolio amid the ongoing economic slowdown, reported CNBC on Tuesday. He urged investors to be prepared for potential losses and suggested diversifying their holdings.")
_how-openai-is-preparing-for-future-safety-challenges.webp "OpenAI’s Head Of Preparedness Aleksander Madry spoke at Imagination In Action’s ‘Forging the Future of Business with AI’ Summit about how OpenAI is looking towards the future and how they prepare for the challenges of building AI.<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_ofcom-warns-social-media-sites-they-could-be-banned-for-under-18s.webp "As part of its new online safety proposals, Ofcom has warned social media sites they could be banned for under-18s if they fail to comply with the safety rules.")
_openais-first-investor-on-why-robotics-will-have-its-ai-moment-next.webp "Vinod Khosia, Chairman of Khosia, spoke at the Imagination in Action's 'Forging the Future of Business with AI' Summit on why AI will be in everyone's life in the near future and why robotics will be the next sector to have its own AI moment. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_intel-qualcomm-export-licenses-revoked-by-us-tech-giants-won39t-be-able-to-sell-chips-to-huawei-report.webp "The United States has revoked the export licenses of Intel and Qualcomm to sell chips to China’s Huawei Technologies.")
⏲ 0:45 👁 405K
_astrazeneca-pulls-plug-on-vaxzevria-covid-19-vaccine-amid-surplus-of-updated-vaccines.webp "AstraZeneca has declared a worldwide cessation of its COVID-19 vaccine, Vaxzevria, due to an “excess of updated vaccines.”")
_meta39s-threads-might-be-working-on-building-a-direct-messaging-feature.webp "A top leaker claims to have found alleged screenshots about a prototype for direct messaging on Threads.")
_bristols-largest-air-raid-shelter-is-open-to-the-public.jpg)
_jim-cramer-advises-investors-to-brace-for-economic-slowdown-shares-tips-to-maintain-balanced-portfolio-39i39m-not-tellin.jpg)
_how-openai-is-preparing-for-future-safety-challenges.jpg)
_ofcom-warns-social-media-sites-they-could-be-banned-for-under-18s.jpg)
_openais-first-investor-on-why-robotics-will-have-its-ai-moment-next.jpg)
_intel-qualcomm-export-licenses-revoked-by-us-tech-giants-won39t-be-able-to-sell-chips-to-huawei-report.jpg)
_astrazeneca-pulls-plug-on-vaxzevria-covid-19-vaccine-amid-surplus-of-updated-vaccines.jpg)
_meta39s-threads-might-be-working-on-building-a-direct-messaging-feature.jpg)
![[+]](/images/menu.gif){kind=small}