Nvidia Faces Downgrade Amidst Record Stock Performance
Analysts express caution as Nvidia's valuation peaks, despite strong AI market leadership.
- Nvidia's stock was downgraded to 'Neutral' by NewStreet Research due to valuation concerns after a 157% year-to-date rally.
- CEO Jensen Huang sold $169 million worth of shares in June, his largest single-month sale ever.
- Nvidia's market cap briefly surpassed $3 trillion, making it the most valuable company in the world for a short period.
- Despite recent volatility, analysts remain optimistic about Nvidia's long-term prospects in the AI sector.
- Nvidia's stock volatility is significantly higher than that of its closest competitors, raising sustainability questions.