Posted 4/9/2024, 5:59:58 PM
Nvidia Stock Drops as Analyst Predicts Up to 30% Fall on AI Competition, But Sees Growth in Self-Driving Tech
- Nvidia stock has dropped recently, with shares down nearly 5% in one day recently
- Analyst thinks Nvidia's dominance in AI chips is ending as big tech companies shift to making their own AI hardware
- Analyst predicts Nvidia's stock could fall nearly 30% to $620 per share by 2026
- Nvidia has growth potential in other segments like autonomous driving tech
- Even with predicted stock drop, analyst maintains "hold" rating on Nvidia
