Nvidia Stock Price Forecast: One Bear Unsure If NVDA Will Grow in 2026

  • Nvidia could hit a major growth roadblock next year, according to analyst Gil Luria.
  • He said the chipmaker may not grow at all in 2026 if demand for GPUs wanes.
  • In his bear case, he sees Nvidia stock dropping as much as 48% from current levels.

After back-to-back years of spectacular growth, it’s possible that Nvidia may not be able to grow at all in 2026, according to an analyst.

Gil Luria, the head of technology research at DA Davidson has been skeptical of the stock’s massive rally, and this week, he said it’s possible that the chipmaker’s best days could be behind it.

That’s because, despite the major hype for Nvidia’s GPUs, there are growing risks that demand will start to level off…

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