Nvidia's Risk-Reward Proposition Is Much Less Favorable, According to 1 Wall Street Analyst
When you've been on a run like Nvidia (NASDAQ: NVDA) has over the past few years, it's almost always because investors see massive growth ahead. For a company positioned as the picks-and-shovels play for the entire artificial intelligence (AI) industry, many still think the sky is the limit for the AI chip king.However, one Wall Street analyst thinks that may no longer be the case and is downgrading Nvidia from a buy rating to a hold with no price target listed.Continue reading
When you've been on a run like Nvidia (NASDAQ: NVDA) has over the past few years, it's almost always because investors see massive growth ahead. For a company positioned as the picks-and-shovels play for the entire artificial intelligence (AI) industry, many still think the sky is the limit for the AI chip king.
However, one Wall Street analyst thinks that may no longer be the case and is downgrading Nvidia from a buy rating to a hold with no price target listed.
