With Trumps efforts with Iran and resultant economic effects. Can t really be bullish with Nvidia at present.
Nvidia's Big GTC Event Is On Deck, And The Company Faces A Very High Bar This Year
Nvidia 'is having a harder time moving the needle' these days, one analyst notes. Nvidia's Jensen Huang will give a keynote presentation at GTC on Monday.The Super Bowl for Nvidia fans is just around the corner. But analysts aren't so sure that the event will be able to breathe new life into Nvidia's stock.Earlier this year, some on Wall Street were looking to GTC, the annual developer event that kicks off on Monday, as a major stock catalyst. The thinking was that Nvidia would save not only major product announcements, but also major financial announcements, for its big San Jose conference.Jay Goldberg, a Seaport Research analyst who's the lone bear on Nvidia's stock, said the company "is having a harder time moving the needle" lately. One issue is that the company's near-term growth prospects are somewhat held in check by supply constraints.And Nvidia is getting more active with central processing units as well. Arya sai
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