Nvidia stock 'caught between 2 very strong forces,' analyst says

After hitting a record high of $950 on March 25th, Nvidia's (NVDA) stock has since declined, prompting a closer look at the company's long-term prospects. D.A. Davidson Managing Director Gil Luria joins Yahoo Finance Live to discuss why he believes that Nvidia's continued market domination is "very unlikely."
Luria says 2024 will be "a spectacular year for Nvidia." With Nvidia's top customers having openly stated plans to purchase more of the company's products, Luria says, "There's a lot of comfort in knowing that Nvidia can exceed its expectations." However, he warns that market and technology trends could threaten this momentum, suggesting that Nvidia's current dominance "won't last for very long."
Luria projects that by 2026, Nvidia could face "a normal cyclical downturn." He explains that despite the company's massive market share, its customers have even larger footprints in the landscape. If these customers continue investing in Nvidia's chips at the current pace, the companies themselves could lose market share in the long run, casting doubt on the sustainability of Nvidia's revenue margins.
While Luria believes Nvidia will continue to thrive in the short term, in the long term, he sees companies investing in their own custom-built chips to reduce costs. With the expensive price tag on Nvidia's GPU, "it's like driving to the grocery store in a gold-plated Ferrari; you don't need that," Luria says.
#stockmarket #Nvidia #youtube
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[@pardeepshahi6977]

This guy doesn’t know NVIDIA is not the just a chip company anymore. Poor Jensen keep on saying in every public talk but these people are in there own journey

[@Sonder2030]

Amazing so when they release a brand new architecture they’re going to sell less GPUs. Same guy that said last year they’d have revenue decline in 2024. Nvidia is a bear’s nightmare

[@felizh82]

This guy obvious don't know technology.....

[@jonathanlaue3460]

As long as NVIDIA keeps innovating, the next decade will see continued growth.

[@Felix62377]

nvda $8000 by 2030

[@blaizel3748]

This stock you give to your great great grandchildren

[@jamesestes9767]

GPU's are versatile? Take this dude off your list, fam. He don't know.

[@DavidSaintloth]

He gets some right but a lot more wrong.

[@user-ry1tl2gd6e]

What would be your best 5 etfs for a beginner

[@mlai2546]

Microsoft tried to develop their own Phone and where did that go? Just because a company is developing something, it doesn't mean they will be good at it.

[@yafka]

I found it funny when he says Nvidia’s GPUs are so versatile and component, then compares them to a gold plated Ferrari. And custom chips designed to just train A.I. are a Tesla model Y.

[@MatthewMS.]

I am a nvda millionaire. 41 years old.

[@mdn4937]

Is this a bash on Tesla

[@shaunjames2221]

He forget to talk about NVIDIA software which earnings will grow more than hardware

[@momentumstocks3493]

No need for predictions

[@bigwaidave4865]

Listening to Jensen Hwang it sure doesn’t sound like Microsoft Amazon, or meta-can develop chips nor invest the money that it would take to make chips as superior as in Nvida . Do you think they are going to buy second rate chips?

[@Dreamwavestudio]

price target 620? Yeah after a 1:2 stock split 😂

[@momentumstocks3493]

ROOT was a better trade.

[@user-cm8br8kj5y]

YESTESDAY WAS FEAR TALK TO 625 AND TODAY TALK TO 1000, SCAM STREET

[@ForDaCulture679]

Nvidia is moving more like a cryptocurrency than a stock right now 😂