Here's why Nvidia's (NVDA) ‘AI King run seems to be over,' according to analyst

Semiconductor giant Nvidia’s (NASDAQ: NVDA) venture into chips supporting artificial intelligence (AI) models has elevated the company’s stock to emerge as the sector’s leader.However, based on the stock’s recent price fluctuations, concerns are emerging that the rally witnessed in 2024 might end. Particularly, in an X post on July 25, Puru Saxena, the founder of AlphaTarget research firm, shared a stark assessment of Nvidia’s stock performance, signaling that the era of exponential gains for the “AI King” ...