Nvidia initiated with a Sell at Seaport Research

Seaport Research analyst Jay Goldberg initiated coverage of Nvidia (NVDA) with a Sell rating and $100 price target Nvidia is one of the leading beneficiaries of the current AI spending boom, but its prospects are “well understood and largely priced into the stock,” the analyst argues. With upside appearing “fully understood,” the bias is towards the downside with concerns about geopolitics, supply chains missteps, deployment delays, and growing scrutiny for AI spending by customers, the analyst tells investors.