1 Wall Street Analyst Thinks Nvidia Stock Will Plunge 28%. Is He Right?

Nvidia, a favorite on Wall Street, has seen its stock triple over the past year. Yet, D.A. Davidson analyst Gil Luria predicts a 28% drop in Nvidia's stock price within a year, citing a potential decrease in demand as major tech companies develop their own AI chips and reduce purchases.

Despite Luria's bearish outlook, many analysts remain positive, with 21 out of 38 rating Nvidia as a buy. Skepticism also arises from concerns about overvaluation and geopolitical tensions. The future of Nvidia's stock is uncertain, hinging on the evolving demand for AI chips and market conditions.