You can make more money by investing in Nvidia, the stock is still cheap, says Dan Niles, ace Wall Street analyst
AI stock market, and it is significantly leaving behind all its other competitors in the chipmaking and tech industry, and can reportedly see a lone growth in 2025. The demand for this stock is riving up its prices like crazy, with many claiming that its current price bar is becoming quite unaffordable.
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However, Dan Niles, who is one of the best market analysts out there, is of the opinion that Nvidia is still one of the best bets for the tech industry enthusiasts for the year 2025, and even though an impending economic slowdown can hurt key AI players in Wall Street, it may not diminish Nvidia's growth projections for 2025, as per reports.
There are certain market regulations by the US Fed that could de-track growth of certain tech stocks, but that could only be in the first quarter, following which things again start taking an upward trend, believes Dan Niles.
Is Nvidia still buyable?
The impact of high expectations will continue to weigh on Nvidia's stock as growth cools. The current valuation of the company is still within the reasonable standards, and its price is still in the cheaper range, says Niles.
There are reports of Nvidia's competition like Amazon, Meta Platforms cutting down heavily on the demand for its stock, but the overall outcome of the same may be negligible
