Down 5%, What's Happening With Nvidia Stock? - Forbes

In this article, the author discusses Nvidia's stock performance and potential future growth. Nvidia's stock has experienced a sharp decline recently, but it may have been an overreaction due to concerns about ASML, Nvidia's primary manufacturing partner. The author points out that much of the capital expenditure cuts affecting ASML may come from Intel and Samsung foundries rather than TSMC. However, there are still risks for Nvidia's growth, including potential slowdown in GPU demand, increased competition from other chipmakers, and weak economics in the AI business. The author values NVDA stock at $88 per share, about 33% below the current market price, and provides a link to their full analysis on NVDA valuation.