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The only analyst on Wall Street who has a 'sell' on Nvidia says the AI chipmaker's great run is over

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Ahead of Nvidia's highly anticipated Q1 earnings report, Jay Goldberg of Seaport Research Partners, lays out the bear case.
Nvidia's first-quarter earnings report, released on May 28, 2025, has sparked a debate among Wall Street analysts about the company's future performance. While Nvidia has been a dominant player in the AI and semiconductor industry, some analysts are now questioning its valuation and growth prospects. The bear case against Nvidia centers on concerns about potential market saturation, increased competition from rivals like AMD and Intel, and the possibility of a slowdown in demand for AI chips. Despite these concerns, Nvidia's stock has continued to perform well, with many investors remaining bullish on the company's long-term potential. However, some analysts are recommending a sell or hold position, citing the stock's high valuation and the risks associated with the company's heavy reliance on the AI sector.

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[ https://fortune.com/2025/05/28/nvidia-q1-earnings-wall-street-analyst-sell-bear-case/ ]