Analyst Sees 15% Downside Risk for Nvidia Stock As AI Hits "Trough of Disillusionment"

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Analyst Sees 15% Downside Risk for Nvidia Stock As AI Hits "Trough of Disillusionment"

Investing.com01-04

DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles...

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Mr Bull
·01-04
Nvidia is still front runner for AI & crypto.. they are into cloud segment too.. their order book Is really outstanding.. just that AMD is trying to catch up & secure some of their market share.
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Troytan
·01-04
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We believe the value of this sandbox could drop considerably once NVDA growth rolls over,” analysts explained.Nvidia stock closed 2.7% lower on the first trading day in 2024 and is down a further 1.2% on Wednesday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":259490059866328,"gmtCreate":1704362429322,"gmtModify":1704362433948,"author":{"id":"4128923481696492","authorId":"4128923481696492","name":"Mr Bull","avatar":"https://community-static.tradeup.com/news/b479a776ac6b637ec22ebd8548a46164","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"4128923481696492","authorIdStr":"4128923481696492"},"htmlText":"Nvidia is still front runner for AI &amp; crypto.. they are into cloud segment too.. their order book Is really outstanding.. just that AMD is trying to catch up &amp; secure some of their market share.&nbsp;","listText":"Nvidia is still front runner for AI &amp; crypto.. they are into cloud segment too.. their order book Is really outstanding.. just that AMD is trying to catch up &amp; secure some of their market share.&nbsp;","text":"Nvidia is still front runner for AI & crypto.. they are into cloud segment too.. their order book Is really outstanding.. just that AMD is trying to catch up & secure some of their market share.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259490059866328","repostId":2400882529,"repostType":2,"repost":{"id":"2400882529","pubTimestamp":1704355977,"share":"https://ttm.financial/m/news/2400882529?lang=&edition=fundamental","pubTime":"2024-01-04 16:12","market":"us","language":"en","title":"Analyst Sees 15% Downside Risk for Nvidia Stock As AI Hits \"Trough of Disillusionment\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2400882529","media":"Investing.com","summary":"DA Davidson analysts assert that NVIDIA (NASDAQ: NVDA) plays a crucial role as a leader in accelerated computing, projecting an ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","content":"<html><head></head><body><p style=\"text-align: left;\">DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles.</p><p style=\"text-align: left;\">Despite recognizing NVDA&#39;s dominance in various categories, analysts express skepticism about the likelihood of consensus expectations for the out-years materializing.</p><p style=\"text-align: left;\">They anticipate a reversion to the trend line within the next 2-6 quarters, citing vulnerability for NVDA as the hype around artificial intelligence (AI) approaches the &#34;trough of disillusionment.&#34;</p><p style=\"text-align: left;\">“While we continue to believe that generative AI is the most important transformative technology since the Internet, we do not expect the same level of investment we saw in 2023 continuing beyond 2024,” analysts said in a note.</p><p style=\"text-align: left;\">As a result, analysts initiated new research coverage on Nvidia (NASDAQ:NVDA) stock at Neutral with a price target of $410 per share, which implies a downside risk of 15% based on Tuesday’s closing price.</p><p style=\"text-align: left;\">“Our $410 price target is based on a 35x multiple on the $7.29 of CY24 EPS for the core company and $155 for the sandbox revenue still coming to NVDA over the next 4-6 quarters. We believe the value of this sandbox could drop considerably once NVDA growth rolls over,” analysts explained.</p><p style=\"text-align: left;\">Nvidia stock closed 2.7% lower on the first trading day in 2024 and is down a further 1.2% on Wednesday.</p></body></html>","source":"investingArticles_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analyst Sees 15% Downside Risk for Nvidia Stock As AI Hits \"Trough of Disillusionment\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalyst Sees 15% Downside Risk for Nvidia Stock As AI Hits \"Trough of Disillusionment\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/analyst-sees-15-downside-risk-for-nvidia-stock-as-ai-hits-trough-of-disillusionment-3266092><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/analyst-sees-15-downside-risk-for-nvidia-stock-as-ai-hits-trough-of-disillusionment-3266092\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4587":"ChatGPT概念","NVDA":"英伟达","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - 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US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD"},"source_url":"https://www.investing.com/news/stock-market-news/analyst-sees-15-downside-risk-for-nvidia-stock-as-ai-hits-trough-of-disillusionment-3266092","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400882529","content_text":"DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles.Despite recognizing NVDA's dominance in various categories, analysts express skepticism about the likelihood of consensus expectations for the out-years materializing.They anticipate a reversion to the trend line within the next 2-6 quarters, citing vulnerability for NVDA as the hype around artificial intelligence (AI) approaches the \"trough of disillusionment.\"“While we continue to believe that generative AI is the most important transformative technology since the Internet, we do not expect the same level of investment we saw in 2023 continuing beyond 2024,” analysts said in a note.As a result, analysts initiated new research coverage on Nvidia (NASDAQ:NVDA) stock at Neutral with a price target of $410 per share, which implies a downside risk of 15% based on Tuesday’s closing price.“Our $410 price target is based on a 35x multiple on the $7.29 of CY24 EPS for the core company and $155 for the sandbox revenue still coming to NVDA over the next 4-6 quarters. We believe the value of this sandbox could drop considerably once NVDA growth rolls over,” analysts explained.Nvidia stock closed 2.7% lower on the first trading day in 2024 and is down a further 1.2% on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":259471430959120,"gmtCreate":1704358030004,"gmtModify":1704358033905,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571482048865852","authorIdStr":"3571482048865852"},"htmlText":"D","listText":"D","text":"D","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259471430959120","repostId":2400882529,"repostType":2,"repost":{"id":"2400882529","pubTimestamp":1704355977,"share":"https://ttm.financial/m/news/2400882529?lang=&edition=fundamental","pubTime":"2024-01-04 16:12","market":"us","language":"en","title":"Analyst Sees 15% Downside Risk for Nvidia Stock As AI Hits \"Trough of Disillusionment\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2400882529","media":"Investing.com","summary":"DA Davidson analysts assert that NVIDIA (NASDAQ: NVDA) plays a crucial role as a leader in accelerated computing, projecting an ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","content":"<html><head></head><body><p style=\"text-align: left;\">DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles.</p><p style=\"text-align: left;\">Despite recognizing NVDA&#39;s dominance in various categories, analysts express skepticism about the likelihood of consensus expectations for the out-years materializing.</p><p style=\"text-align: left;\">They anticipate a reversion to the trend line within the next 2-6 quarters, citing vulnerability for NVDA as the hype around artificial intelligence (AI) approaches the &#34;trough of disillusionment.&#34;</p><p style=\"text-align: left;\">“While we continue to believe that generative AI is the most important transformative technology since the Internet, we do not expect the same level of investment we saw in 2023 continuing beyond 2024,” analysts said in a note.</p><p style=\"text-align: left;\">As a result, analysts initiated new research coverage on Nvidia (NASDAQ:NVDA) stock at Neutral with a price target of $410 per share, which implies a downside risk of 15% based on Tuesday’s closing price.</p><p style=\"text-align: left;\">“Our $410 price target is based on a 35x multiple on the $7.29 of CY24 EPS for the core company and $155 for the sandbox revenue still coming to NVDA over the next 4-6 quarters. We believe the value of this sandbox could drop considerably once NVDA growth rolls over,” analysts explained.</p><p style=\"text-align: left;\">Nvidia stock closed 2.7% lower on the first trading day in 2024 and is down a further 1.2% on Wednesday.</p></body></html>","source":"investingArticles_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analyst Sees 15% Downside Risk for Nvidia Stock As AI Hits \"Trough of Disillusionment\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalyst Sees 15% Downside Risk for Nvidia Stock As AI Hits \"Trough of Disillusionment\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/analyst-sees-15-downside-risk-for-nvidia-stock-as-ai-hits-trough-of-disillusionment-3266092><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/analyst-sees-15-downside-risk-for-nvidia-stock-as-ai-hits-trough-of-disillusionment-3266092\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4587":"ChatGPT概念","NVDA":"英伟达","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - 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US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD"},"source_url":"https://www.investing.com/news/stock-market-news/analyst-sees-15-downside-risk-for-nvidia-stock-as-ai-hits-trough-of-disillusionment-3266092","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400882529","content_text":"DA Davidson analysts assert that NVIDIA (NVDA) plays a crucial role as a leader in accelerated computing, projecting an impressive 20% compound annual growth rate (CAGR) from 2022 levels across cycles.Despite recognizing NVDA's dominance in various categories, analysts express skepticism about the likelihood of consensus expectations for the out-years materializing.They anticipate a reversion to the trend line within the next 2-6 quarters, citing vulnerability for NVDA as the hype around artificial intelligence (AI) approaches the \"trough of disillusionment.\"“While we continue to believe that generative AI is the most important transformative technology since the Internet, we do not expect the same level of investment we saw in 2023 continuing beyond 2024,” analysts said in a note.As a result, analysts initiated new research coverage on Nvidia (NASDAQ:NVDA) stock at Neutral with a price target of $410 per share, which implies a downside risk of 15% based on Tuesday’s closing price.“Our $410 price target is based on a 35x multiple on the $7.29 of CY24 EPS for the core company and $155 for the sandbox revenue still coming to NVDA over the next 4-6 quarters. We believe the value of this sandbox could drop considerably once NVDA growth rolls over,” analysts explained.Nvidia stock closed 2.7% lower on the first trading day in 2024 and is down a further 1.2% on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}