Citron: NVIDIA Corporation (NVDA) Shareholders Should Be Prepared To See $200

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Citron: NVIDIA Corporation (NVDA) Shareholders Should Be Prepared To See $200
<a href="https://pixabay.com/users/Mizter_x94/">Mizter_x94</a> / Pixabay

“Is $NVDA really worth $36 billion more than it was New Years Eve with $15k BTC?” NVIDIA Corporation (NASDAQ:NVDA) shareholders should be prepared to see stock quickly trade back to $200 (where stock started the year). Goldman taking off conviction list is the canary in the coalmine.

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Consider how this information we have read since Jan 1:

  • Bitcoin Prices down 40% year-to-date while NVDA share price up over 22%
  • Datacenter (the only growth metric that really counts) was already facing some headwinds that was offset by Crypto in Q2. This is an unsustainable trend

https://www.reuters.com/article/us-nvidia-results/nvidia-shares-fall-on-data-center-revenue-but-chips-ride-cryptocurrency-boom-idUSKBN1AQ2GY

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  • While 2017 was the year as NVDA being the Al. pure play, This New York Times article describes the new 2018 narrative.

https://www.nytimes.com/2018/01/14/technology/artificial-intelligence-chip-start-ups.html

  • Anyone who dismisses any competition, and just wants to play multiple expansion just speak to Andrew Feldman at Cerebas

https://datacenterfrontier.com/the-8-trends-that-will-shape-the-data-center-industry-in-2018/

  • Nvidia is no longer the clear name in autonomous

https://www.androidheadlines.com/2018/02/waymo-vehicles-require-human-takeover-less-competitors.html

Playing multiple expansion is like playing chicken, it doesn’t end well for shareholders. NVDA’s stock has risen 111% since Goldman’s report 12 months ago whereas revenue for 2018E is up a minor 11%.

January was solid for the share price thanks to a strong market and some CES hype, kudos to Nvidia, we see a February hangover.

Go ahead and send over the hatemgjl, we are sorry that the truth hurts. Citron’s trading call on $NVDA have been spot on. But if you own the stock, you must ask yourself the question “Is $NVDA really worth $36 billion more than it was New Years Eve with $15k BTC?" Don't think so

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Article by Citron Research

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