Top economist forecasts 98% Nvidia stock crash

Core Viewpoint - Nvidia's stock price continues to rise, driven by its involvement in the artificial intelligence sector, despite warnings of a potential market downturn from economist Harry Dent [1][2]. Group 1: Nvidia's Market Performance - Nvidia has shown a predominantly bullish growth trajectory throughout 2024, reflecting strong investor confidence and robust market performance [1]. - The company has implemented a 10-for-1 stock split, making whole-share ownership more accessible for everyday investors [2]. - Nvidia has outperformed its competitors in the semiconductor sector, with triple-digit earnings growth in recent quarters [2]. Group 2: Economic Predictions and Analyst Outlook - Economist Harry Dent predicts a significant market crash, suggesting Nvidia's stock could decline by 98% as part of a broader market downturn [1]. - In contrast, 40 Wall Street analysts maintain a bullish outlook for Nvidia, with an average price target of $127.73, indicating a modest 1.63% increase from the recent price [3]. - Nvidia's stock price was trading at $128.73, reflecting a year-to-date increase of 167% [3].