Nvidia Stock Price Outlook: Analyst Says Shares Have Peaked After Q4 Earnings
- Nvidia stock has peaked after a 1,776% gain over five years, says DA Davidson tech analyst Gil Luria.
- Nvidia’s growth is slowing, with Q4 revenue at its lowest growth rate in nearly two years.
- The stock tumbled 6% on Thursday after fourth-quarter earnings failed to impress investors.
After gaining 1,776% in five years, one analyst says Nvidia looks like it’s hit a peak.
That’s according to Gil Luria, a tech analyst at DA Davidson. Luria wrote on Thursday after the chip titan reported earnings results that growth is set for a slowdown.
“This is as good as it gets for Nvidia,” he told CNBC on Thursday, the same day the stock saw a sharp decline of as much as 8%. Shares finished the day down 6% after the…
