$NVIDIA Corp(NVDA)$
I think fomo could see further upside, but it's limited
( I don't think anyone expects it to have more than another 20% upside)
downside could be in the range of 75 , if and when peak demand is confirmed .
So much competition in the ai chip space and other stocks in that same sector offer the chance for larger returns with the launch of their ai chip offerings
NVDA is too dependent on very few customers, and that is a huge red flag in light of the sheer level of competition in the space that has developed now and in light of the various product offerings from the competition.
Why not rotate into something else at this point ?Perhaps NVDA defies logic , yet again , but i think rotation is the wiser choice at present .I like NVDA a lot but at current valuation i see this as facing a difficult uphill climb to capture the higher price targets of $150 and it may trade flat if it doesn't sell off.
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