Nvidia (NVDA) has fallen from its heights in June with the overall tech sector taking a bit of a hit in the recent market sell-off. Is it a buying opportunity?
New Street Research technology infrastructure analyst Antoine Chkaiban joins Catalysts to give insight into why he believes it’s a good opportunity to buy Nvidia despite the recent downturn and economic landscape.
Chkaiban affirms his position on Nvidia, saying that despite concerns around the macro-environment and a potential Blackwell delay, he still expects Nvidia to “remain dominate in a market that is growing very, very fast.”
In terms of the future, Chkaiban claims: “I think that for 2025… things are fairly well set. You can look at things from multiple angles. We talked about the hyperscalers’ cap-ex earlier. We know roughly how much they expect to grow cap-ex. Plans are already set. They already have a plan to train the next generation of the GPT models and the next generation of Gemini models. I think here there’s probably limited room for much changes in plans.”
#youtube #news #tech
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
