From Yahoo Finance: 2024-04-10 11:13:57

Nvidia’s stock, which hit a record closing high of $950 on March 25th, has since declined. D.A. Davidson’s Gil Luria says continued market domination for Nvidia is “very unlikely,” predicting a possible downturn by 2026 due to competition and technology trends, warning that the company’s dominance won’t last long.

Despite a predicted spectacular year in 2024, Luria warns of potential threats to Nvidia’s long-term success. He notes that customer investment in custom-built chips could lead to market share loss, casting doubt on the sustainability of Nvidia’s current dominance.

While short-term success is expected for Nvidia, Luria sees potential challenges ahead as companies invest in custom chips to cut costs. With Nvidia’s high prices, Luria likens it to driving to the grocery store in a gold-plated Ferrari, suggesting that companies may opt for more cost-effective solutions in the long run.



Read more at Yahoo Finance: Nvidia stock could see downturn by 2026: Analyst