Nvidia Receives Uncommon Downgrade Due to Worries That Demand is Stabilizing ‘As Expected:’ Stock ‘Approaching Full Valuation’
Nvidia Corporation (NASDAQ:NVDA) recently received a rare downgrade from New Street Research. Analyst Pierre Ferragu downgraded the stock from “buy” to “neutral,” citing concerns about its overvaluation. The stock had seen a significant 161% year-to-date surge, with a previous gain of nearly 240% in 2023. Ferragu expressed doubts about further increases in the stock and … Read more