Nvidia (NASDAQ: NVDA) has stood out as one of the leading stocks in 2024. However, evidence suggests this success may be waning. Revenue growth is decelerating, profit margins are declining, and clients are increasingly turning into rivals. In the linked video, Travis Hoium outlines five reasons why Nvidia’s stock might drop in the upcoming year.
*Stock prices are from the end-of-day on Nov. 12, 2024. The video was published on Nov. 12, 2024.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development for Facebook and sibling to Meta Platforms CEO Mark Zuckerberg, is also on The Motley Fool’s board. Travis Hoium owns shares in Alphabet. The Motley Fool has stakes in and recommends Advanced Micro Devices, Alphabet, Apple, Meta Platforms, Microsoft, and Nvidia. Additionally, The Motley Fool suggests the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool’s disclosure policy applies. Travis Hoium is affiliated with The Motley Fool and may receive compensation for promoting its services. Subscribing through their link may provide them with extra income that supports their channel, but their views remain independent.
The opinions expressed in this article belong to the author and do not necessarily represent those of Nasdaq, Inc.
