Share prices of Nvidia (NASDAQ: NVDA) have been falling in recent months as high-growth stocks have come under pressure. After a boom in consumer electronics spending since the start of the pandemic, worry has started to mount that demand will start to cool off this year. Analyst Tristan Gerra at Baird Capital recently downgraded Nvidia stock on this specific concern, noting that the market may not be fully appreciating the negative economic effects of Russia's invasion of Ukraine and a potential decrease in demand for Ethereum (CRYPTO: ETH) cryptocurrency mining later this year. Read More...
Share prices of Nvidia (NASDAQ: NVDA) have been falling in recent months as high-growth stocks have come under pressure. After a boom in consumer electronics spending since the start of the pandemic, worry has started to mount that demand will start to cool off this year. Analyst Tristan Gerra at Baird Capital recently downgraded Nvidia stock on this specific concern, noting that the market may not be fully appreciating the negative economic effects of Russia’s invasion of Ukraine and a potential decrease in demand for Ethereum (CRYPTO: ETH) cryptocurrency mining later this year.
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