To distill the latest arguments for and against investing in Nvidia, Markets Insider asked the biggest bull and bear on the stock the same questions.
that can help the chipmaker grab an even bigger piece of the growing data-center market. Shares settled at $165.56 apiece on Thursday — 43% below their record high set in October.
Meanwhile, Abhinav Davuluri, an analyst at Morningstar, is the biggest bear on the chipmaker, with a $120 price target. Use one sentence to describe your investment thesis."Despite near-term demand disruptions in the Datacenter and Gaming end markets, we expect Nvidia's stock to continue outperforming owing to long-term potential for revenue & EPS upside across most segments and a sustained higher P/E owing to the scarcity premium for structural growth in large-cap semis.
"We believe the primary source of this weakness was the trade conflict between the US and China. As those issues resolve themselves, we expect this market will continue to grow.""China consisted of a very massive portion of Nvidia's GPU demand decline, as naturally a lot of gamers and mining operations are in China. That's pretty consistent with what Nvidia's exposure to China has been.
"That may be the case in the longer term. However, rival Intel is not sitting idle. Intel has also been developing similar technologies for the past decade. Intel made quite a bit acquisitions themselves to have similar Etherum and InfiniBand technologies. I don't think Intel has left out in the cold just because it wasn't able to make this deal."
"The value proposition just hasn't really been there yet. We haven't seen a very strong adoption because the gamers that are waiting to make their investments want to see more games that can actually take advantage of this technology. But then the gaming developers want to see more adoptions from gamers before they actually invest in making the game. The technology is very exciting, however, the time is going to be more gradual than what the market expects.
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