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Seaport Global Securities analyst Jay Goldberg just issued a sell rating on the stock and a new price target that is the lowest on Wall Street.
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Goldberg thinks the benefits of AI have been “priced in for now.”
The artificial intelligence chip king, Nvidia (NASDAQ: NVDA), has been on a long, dominant run for several years now. The company is seen as the best picks-and-shovels play in what could be a game-changing sector that impacts nearly all aspects of our daily lives. However, a tough run this year and recent export restrictions targeting China have now sprouted the first sell rating from a Wall Street analyst.
Seaport Global Securities analyst Jay Goldberg recently downgraded Nvidia to a sell rating and issued a $100 price target, the lowest on Wall Street. Nvidia and the rest of the AI sector, as well as the entire stock market, certainly face a tough near-term…
