TECH - Nvidia's Soaring Stock Price Prompts Analysts To Suggest A Diversified Portfolio Approach: Tech Giant's 'Dominant Market Share Position Will Be Tested' | Benzinga
The recent surge in NVIDIA Corp‘s (NASDAQ:NVDA) stock price has led some analysts to caution investors about the company’s future growth prospects. This has prompted them to suggest alternative investments for a more balanced portfolio.
What Happened: The AI-driven boom of Nvidia has been reflected in its recent earnings, which surpassed expectations. This led to the company’s shares crossing the $1,000 mark for the first time, reported CNBC on Sunday.
Despite this, some analysts are concerned about a potential slowdown in growth, particularly in the latter part of the year. Lucas Keh, an analyst at Third Bridge, highlighted the impending shift of AI workloads in the cloud from training to inference, which could challenge Nvidia’s dominant market position.
"When the majority of AI workloads in the cloud move over from training to inference, Nvidia's dominant market share position will be tested. Most use cases ...