NVIDIA: A Canary in the Coal Mine

Some investors are cashing out.

NVIDIA, the darling of Wall Street and Silicon Valley for its dominance in the AI chip market, may be facing more significant hurdles than CEO Jensen Huang has publicly acknowledged. Our extensive conversations with insiders, analysts, and customers reveal a concerning outlook that contrasts sharply with the company's current market enthusiasm.

Key Findings:

• Revenue projected to decline starting in 2026

• Evidence of double-ordering by at least two of NVIDIA's top five customers

• Training needs expected to taper off within the next 18 months

• Buy side analysts not convinced in current valuation, and starting to cash out

While NVIDIA's present position is formidable, with Huang stating, "Our demand is greater than our supply," the long-term outlook is less certain. Insider discussions suggest that the company's near-term growth could peak by mid-2025…