Why this analyst says Nvidia is not a stock to buy

The moment markets have been eagerly awaiting has finally arrived. Nvidia (NVDA) has released its first quarter earnings report, surpassing expectations on both revenue and profitability. D.A. Davidson Managing Director Gil Luria joins Asking for a Trend to discuss why he believes Nvidia is not a stock to buy despite its current performance.
Luria acknowledges that Nvidia's results were "great," though "it shouldn't be too surprising" given their customers forewarned about increased spending on Nvidia's products. He pointed out that tech companies are engaged in an "arms race" to acquire as much generative AI capacity as possible, creating significant demand for the semiconductor company.
However, Luria cautions that with more companies looking to rival Nvidia, "that's what you have to start thinking about for next year and the year after that." He emphasizes that these emerging competitive threats are something investors should closely monitor. For this reason, Luria says Nvidia is not currently a stock to buy: the company's "own customers" will be competing with them, leading to a revenue decline.
For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.
#youtube #NVIDIA #stocks
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[@nicolasbenson009]

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[@Valentine-sd2fb]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[@Daniel-ss7ri]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@Janise-pg8yr]

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

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[@AmithKaury]

I already own shares of PALANTIR, TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..

[@MickyGlover]

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[@Kaustavpatell]

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[@kurtKking]

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[@kurtKking]

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[@MatthewMS.]

As a longtime concentrated investor of NVDA, I immediately remember this guy as like the last bear analyst on Wall Street in March saying “hype. Target in $600s” remember kids its on you, do your homework 📚 analysts will say it all

[@jkl2232]

This person is not factoring in NVIDIA is doing so much work on innovation and making even faster Accelerated Computing technologies. As long as NVIDIA keeps raising the speed of computing,, the Magnificent 7 and everyone would have to keep buying and upgrading to compete in the market. It’s similar to Apple keeps selling generation after generations of iPhones. Don’t understand why this person would say what he has said…

[@ryanmonti4903]

He has Adobe Inc. (ADBE) listed on a board behind him, Adobe is down 20% YTD. I call BS, this dude is blowing smoke...

[@rjo8500]

He has outsmarted himself.

[@FEDD]

This guy will be trailing the market forever and will lose his job next year.

[@jeffrose5622]

Can you imagine letting this complete DF manage your money?!? LOL!!!!!!!!!!!

[@Sonder2030]

The closest to an Nvidia bear I’ve seen, it’s masochistic at this point 😂. Last year he was saying demand is being pulled forward from 2024, he keeps moving the goal post

[@johnj519]

Well now… post earnings proves this fellas point 😂😂😂 sorry for his followers

[@user-lb3ij8dn6t]

NVDA has no competitor. Period.

[@youyou-dv8fr]

Other semiconductor companies can’t compete with Nvdia for its advanced chip technology. What makes you think non semiconductor companies can compete w NVDIA chips.

[@PatriotSteve]

can’t anyone make these processors?? lol

[@Anthony-dj4nd]

​@@PatriotSteveNvidia just has first mover advantage. Nvidia is the next Tesla. Not a bad company at all but bid up to the moon.

[@PatriotSteve]

@@Anthony-dj4nd still cheaper than many high tech stocks based on future earnings. this is a generational stock

[@raydosson2025]

This is gonna age so poorly lmao.

[@Ronnieleec]

this guy is wrong. there are so many more customers. also, obviously he doesn’t understand the broadening of the Nvidia product line. so he has probably been buying intel for 5*3 last several years.

[@gunslinger227]

Time to buy. When the stock becomes $100 a share, it will become much more accessible for investors. The stock will gradually rise. Same thing happened to Boeing stock multiple times.

[@Chryeon]

All in sell house and all assets , my life will be different after 2 years 🎉

[@jeffrose5622]

Hey everyone, it's DF Gill who is shorting NVIDIA. His firm will soon go bankrupt.....

[@kennethyoung7564]

I work for Etrade. Someone called in upset because they had a Margin call due to going short on NVIDIA. What an idiot!

[@davidsoncl1]

Northrop Grumman NOC just announced working with NVIDIA on AI. Support American military superiority and buy both.

[@ATL3xtra]

interesting,,,,,

[@paulo4371]

Don’t listen to this guy. He has no clue but risk manager

[@KBar591]

Famous last words.. LOL

[@briancase6180]

This guy is just wrong. There's no apparent revenue for the customers of Microsoft and etc because the models aren't fully realized. More experience with training is needed, and you can't do that without Nvidia hardware. And the faster you do it, the more chance you have to beat your competitors. Thus, nvidia hardware stays in demand, big demand, for at least two years.

[@kayrealist9793]

Do not invest with his company. lol

[@jimmcafee9908]

Data centers have huge electricity usage. Nvidia's products continue to be more and more efficient. Presently, with every iteration Nvidia saves its customers on overall cost of operation. With Hopper H100 cableing reductions was greater than the cost of their products;. H200 reduced the amount of electricity required to run Data Centers to a point where purchasing Nvidfia's GPU netted out to zero additional cost. Blackwell will come out quarter 2 and it is even more efficient. Presently, no other company can compete.with Nvidia. Data Centers use a tremendous amount of electricity. Who will supply such a demand? This is why Nvidea has a leg up on the competition and it isn't close.

[@Agent77X]

LOL! Guy is a 🤡

[@groundhog5923]

I don't see any of these companies replacing the need for NVDA by designing their own chips in the next 10 years.

[@RZH2023]

My “Magnificent 7” for the last 5 to 10 years and for the long term: NVDA (largest by far), QCOM, TSM, TSLA, GOOG, GE, CRYPTO. I have been reducing NVDA on the way up, still too large a percentage, adding AMD, AVGO, MRVL, ASML, NXPI, and a lot of cash. These are my long term holdings, but cash with high interest is for the down turn. Happy investing!

[@guyverhw4780]

He clearly doesn't understand what the tech is all about. Datacenter isn't the only industry that will make use of the hardware. The "magic" happen before the product, what clueless people like to call "AI" , is even born. The hardware/software hasn't even made it to smaller business or application yet. There is still a lot of grow potential left.

[@user-fk3wr3zx4b]

Guy is making fool of himself , first off there are hundreds of customers requiring GPUs for few hundreds to upto 100000 Has he heard about spectrum-X There are literally 15000-20000 generative AI startups most of which will be using Nvidia ecosystem , not to mention sovereign AI. The demand for Blackwell GPUs is through the roof for next many quarters

[@devinwynn1299]

fire this dude

[@starvingbymidnight]

Basically he’s saying that reason NVIDIA wouldn’t succeed long term is that their customers are making their own chips. Apple, Disney and others pulled their content away from Netflix and yet here we are Netflix is still no 1 company for streamings.

[@ToanTran-bl8tx]

Most of those companies' chips will probably be trash, nothing compared to Nvidia's chips. Amazon and Google smartphones are trash. Dont even get me started with Apple's electric vehicles, lol. Just because a company makes their own product, it doesn't mean it will be great.

[@apophisxo4480]

IKR, Here he is acting as though Nvidia won't continue to innovate. Every military, every hospital system, every government, every tech company, every financial institution, pharmaceutical company....University...YOU NAME IT, will need these chips! And it's not like buying potatoes, you will need the best and you will need to upgrade. How is this not obvious to everyone????

[@catherinerea3569]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[@m.a.a.aamerican6389]

I have like 500 shares of nvda. And keep getting them.

[@Ra-mx4bo]

This is has not been listening the Results Q&A session. Jensen has already address the question of clients building their own chips.

[@rjo8500]

He doesn’t care because in his genius mindset he already has it all figured out.

[@holysmokesturbo2649]

This guy is a bozo and doesn't know what he is talking about. For the past 25 years Nvidia has outperformed the market. If you want to lose money listen to this guy.

[@sultanbanna4829]

Nvidia spent 8 Billion on R&D & Gill says companies can simply compete by designing their own CPU ?!

[@user-dy9vm5vi8n]

If Gil understands the basic fuction of FPGA, he would not say the less positive statement of the future performance of NVIDIA. The ASIC level of advanced NVIDIA chips are not easy to produce large quantity for the datacenter users. They may design of their functions into FPGA for their own verifiscation. Tesla has its own processors in its datacenter but Tesla never reveal it to a certain degree while Tesla uses NVIDIA Grapic process chips. NVIDIA will have new products with new applications almost endlessly in the next decade.

[@lisaphillips9991]

Nvidia already has 4 chip set to come out every year for 4 yrs...And the first one is not out yet...

[@Ed-lb2sm]

How did that work out for you!!!!

[@FoundingFathersUSA]

Jensen described a mushroom cloud of demand and therefore the ASIC chips could bridge the lack of supply with the enormous demand. Therefore NVidia could still grow even while ASIC chips are used.

[@lunaazulgardensuitesandcas7985]

Blah Blah. I bought 200 shares at 90.00. I was convinced to sell at 200.00. Not many professionals agree .Its think its very cheap compared to earnings.

[@stuart2151]

AI is still at its very early stages and Nvdia is way ahead hardware wise and OpenAI software wise. I think they will both steam ahead and become power houses and dominate like Apple has done.

[@milandean]

How could Nvidia be at its peak when they're expecting to beat guidance over and over again? Forward P/E continues to go down as they have more and more positive revenue guidance and revenue blowouts. This stock is headed to the $1200-$1500 range, or $120-$150 after the split. Probably more, as you're heavily discounting both the Nvidia software ecosystem and the impact retail investors will have.

[@Packer1290]

OF course theirs going to be a slowdown 2 years out. This company is not going to go straight line to a 5T capitalization.

[@blairkinsman3477]

It has PEAKED ?? If you’ve got it don’t sell .. but the price going to stabilize for a bit while the company catches up to the stock hype

[@apophisxo4480]

There is no hype. Just data!

[@blairkinsman3477]

@@apophisxo4480 it’s hype when the asset valuation of the business is much less than the market cap

[@blairkinsman3477]

@@apophisxo4480 it’s hype when the total value of its assets is less than a company’s market cap

[@blairkinsman3477]

@@apophisxo4480 it’s hype when the value of the company’s assets are far less than its market cap

[@blairkinsman3477]

It’s hype when the total value of company assets is much less than its total market cap

[@mellarx1277]

The only "analyst" you will ever need is an AI.

[@lokesh303101]

It's Worth the Stock 📈 for Buy.

[@molacool]

The ai market will explode in next few years and Nvidia will decrease revenue . Unlikely

[@Anthony-dj4nd]

They don't necessarily do anything special, just have first mover advantage

[@Hashtag-Hashtagcucu]

AMD will Not destroy the prices! Costumers chips aren’t flexible for new AI , for example try to tokenize video data with a TPU😂🎉

[@johnouellet4099]

He just wants a stock to drop so he can buy more!

[@PatriotSteve]

Fools have a right to their opinion

[@Hashtag-Hashtagcucu]

Try to tokenize vectorize and training a LLM with 10000000 h of KZbin video. …see you in the in the buying line of Nvidia

[@Kithuni]

What a clown.

[@Perched_2_Learn]

loooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooool.

[@richardsingh6804]

Stop listening to these guys, I lost money listening to these talking heads.

[@STOCKmarket-fo1fh]

He is right... Next two quarters will slow down...

[@user-ty2uz4gb7v]

That's what some people said the last two quarters

[@MohammedAbdullah-ir9gn]

competition catches up fast

[@jeffrose5622]

Wrong. Everyone is at least 3 years behind.

[@MohammedAbdullah-ir9gn]

@@jeffrose5622 not really

[@stuart2151]

Did the Apple’s competition catch up with the iPhone?

[@rydizz]

No, it doesn’t.

[@hbomb65]

its such a red flag stock, seriously I would stay away forever from it, better bet is Pepsi!

[@2017phattang]

你那有股市你股票市场、你只是芯片上的技术，何人的数字与企業收入批准你作股票市场你從那里资格你股票？連没有股東或股市，在那里跳出来的股票？凭芯片技术何人知道？最近突然出现莫名其妙的芯片股票市场！連没有股市场经济发展，突然带上股票言論主板。 港股，美股，澳股全是盗贼股從我的帐号数字利用侵犯人权主管所作的盗偷股骗人股