Analyst Suggests Nvidia’s Growth May Have Peaked Amid AI Slowdown
Nvidia, the semiconductor giant that has spearheaded the AI revolution in stock markets, now faces skepticism about its valuation. Tom Sosnoff, founder of Thinkorswim and Tastytrade, argues the stock has reached its peak. "Nvidia WOULD be a very boring idea... because we all know the story," he told Yahoo Finance. Despite a 5% monthly gain, its performance lags behind competitors like Intel, signaling potential stagnation.
The company's recent announcements, including a Mercedes-Benz partnership, failed to ignite significant stock movement. Meanwhile, tech titans Alphabet and Microsoft are gaining ground in the AI hardware race. Sosnoff's bearish outlook hinges on valuation concerns: "It's not a function of Nvidia itself. It's just a function of price."
