Why Is This Wall Street Analyst So Bearish on Nvidia? Here Are 3 Key Reasons.

Nvidia (NASDAQ: NVDA) is one of the most beloved stocks on the market today. The company has a dominant lead in creating the GPUs designed specifically for artificial intelligence use cases.Most analysts are big fans of Nvidia as both a business and as an investment. But one analyst, Jay Goldberg, has a $100 price target for Nvidia stock, the lowest on Wall Street. Whether or not you agree with him, every investor should understand why he expects the stock to fall over 40%. Nvidia is growing by leaps and bounds. Sales are up by more than 1,000% over the past five years. And given that the AI market is expected to grow by more than 30% annually for years to come, Nvidia's double-digit growth rates should be here to stay. But shares trade at a lofty 27 times sales, and Goldberg thinks there are cracks beginning to show in Nvidia's growth story. Continue reading