Nvidia Stock Soars Over 200% But Pulls Back on Growth Concerns

• Nvidia stock has soared over 200% in the past year, but has recently pulled back nearly 11% from its peak • Bull case is continued rapid growth justifies high valuation; data center revenue up 409% last quarter • Bear case is growth could cool faster than expected due to competition or customer concentration • One customer accounted for 19% of fiscal 2024 revenue, presenting risk • Despite strengths, unpredictable future earnings indicate it may be wise to wait for more attractive entry point