Nvidia's sell-off: Why this analyst is still bullish

Nvidia's (NVDA) stock has stumbled as investors grow concerned the AI demand hype may be slowing. Goldman Sachs lead analyst Toshiya Hari is still bullish on the stock for a couple of reasons. First, he says, "Demand for accelerated computing continues to be really strong," adding that it's more than hyperscalers looking to buy Nvidia's chips. Second, he thinks the company's competitive positive is still strong. He also thinks the stock has an attractive valuation and that the sell-off has been overdone.
Investors have been increasingly scrutinizing the amount of money Big Tech has been spending on AI without much return on investment so far. Hari agrees that companies "need monetization for this to be sustainable," but he notes hyperscalers are seeing some return on those AI investments. He adds that if a lack of monetization becomes a problem, it will affect many companies, not just Nvidia.
Watch the video above to hear what Hari has to say about companies like Amazon (AMZN) and Meta (META) developing their own chips.
#Nvidia #youtube #stockmarket

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[otherZinc]

Nvidia is the most needed Corporation on earth!

Nvidia and other Tech companies are down strictly due to Market Manipulation.
When the Dam Breaks, the fallout will be epic!

[das]

Its companies like Apple, Meta and Microsoft that will push AI and Nvidia will keep releasing better GPUs that will sell more and more, Nvidia has a solid roadmap and their stock and market share will continue to rise. Its the greedy shareholders with their unrealistic expectations who are to blame for the current stock price.

[thetradersam]

NVidia is everywhere and some others are everywhere and heavily needed to move business forward and the prior CEO of Intel really really screwed the company...

[exodia]

I can't believe Intel's story changed so quickly. I know it's been going on for a while not, but it just got so much more serious recently.

[tyrionlan]

Mmm.... +3, 5% yesterday plus 1, 5% Before open market today

[kimhappy]

As long as you keep up with all the latest detail of the company. And if it turns out to be OK at least. I think it's all about time and patience . Nvda won't lose their share in the market anytime soon and there is no way A.I trend just gonna disappear out of blue

[PopCultureAnticSS]

Huang will like more of your money when he has his legal sell offs.I just have 4 shares.Too risky putting hopes in that stock but today was great for my other stocks

[melcome-uz]

I saw a post from a person on YOUTUBE, recently seen, and now its been removed by youtube, , but the person gave highly accurate information on all the stocks Nvidia, Broadcom, etc. In fact, this persons post went deep into the findings of all the stock market analysis as some were found to be fraud ! This man or whoever knew more that any one of us !
He even busted Motley fool fraud being connected to the owner of facebook...I think his post should be posted back up again because its a violation of freedom of speech to remove his comment.

[mutwlhn]

NVDA will make everyone well off who buys and holds for 5 years

NVDA is the stock of the year. It will recover faster than any other stock in history

[hansendsouza]

Most over priced stock. Even CEO is selling his shares