Posted 3/8/2024, 1:48:00 PM
Nvidia faces growth concerns despite past success as AI chip leader
- Nvidia is the "Cisco of the AI boom", similar to how Cisco enabled the internet revolution
- Nvidia stock has jumped 117-fold over the past 9 years as demand for its AI chips soars
- But growth is now slowing, customers may have over-ordered chips, and competition is rising
- Ark Invest has cut its Nvidia position on concerns expectations are too high
- Nvidia faces risks of spending pullback, inventory drawdowns, more competition from AMD and cloud players