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[ Sun, Mar 16th ]: techUK
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Why one analyst and Nvidia skeptic says the chipmaker might not grow at all next year


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If Nvidia's largest customers start to pull away next year, the stock could plunge as much as 48% in the most bearish scenario, one analyst says.

The article from MSN Money discusses the skepticism surrounding Nvidia's future growth, particularly from analyst Stacy Rasgon of Bernstein, who has a "market perform" rating on Nvidia's stock. Despite Nvidia's stock soaring by 220% in 2023, Rasgon warns that the company might not see any growth in 2024. He points out that while Nvidia has benefited from the AI boom, the demand for its data center chips could wane as customers might have already purchased enough inventory. Rasgon also highlights potential challenges like competition from other chipmakers, the cyclical nature of the semiconductor industry, and the possibility of a broader economic downturn affecting tech spending. However, he acknowledges Nvidia's strong position in AI and data centers but remains cautious about its stock valuation and future growth prospects.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/topstocks/why-one-analyst-and-nvidia-skeptic-says-the-chipmaker-might-not-grow-at-all-next-year/ar-AA1Bf4qU ]

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