Nvidia Stock Faces Decline In Coming Years As AI Chip Demand Softens, Warns Analyst: 'We're Looking At The Horizon'

Benzinga · May 16 10:37

The future ofNVIDIA Corp(NASDAQ:NVDA) stock might not be as promising as its recent performance suggests, according to a prominent analyst.

What Happened:DA DavidsonanalystGil Luriahas cautioned that Nvidia's stock might not be able to sustain its meteoric rise due to a potential decline in demand for its GPUs, according to an interview on BNN Bloomberg.

Luria predicts that Nvidia's profits for the last quarter will exceed $25 billion. However, he foresees a long-term decline for the chipmaker as it faces increasing competition, even from its own major customers.

"The reason we're...

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Nvidia Stock Faces Decline In Coming Years As AI Chip Demand Softens, Warns Analyst: 'We're Looking At The Horizon'

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