Marco_Bonfanti
Nvidia Corporation’s (NVDA) shares are up about 15% since our last bearish article on the company was released in April. The latest rise in the share price happened mostly thanks to the de-escalation of
Nvidia: Time To Dump Shares
Summary
- Despite the elimination of the AI diffusion rule, Nvidia Corporation is still expected to take a major hit to sales this year, as a result of stricter American export restrictions.
- Major macro risks are also out there and could undermine Nvidia’s growth opportunities in the foreseeable future.
- NVDA stock remains a Sell for us ahead of the upcoming earnings report, which is scheduled to be released on May 28.
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