Sole Analyst Rates Nvidia as Sell Amid AI Frenzy
Jay Goldberg, a San Francisco-based analyst, holds the only sell rating on Nvidia as the stock surges over 3,000% since 2020. While 73 of 80 analysts recommend buying, Goldberg warns of unsustainable hype. "There’s a lot more that can go wrong than can go right," he says, citing blind confidence in AI-driven growth.
Goldberg’s contrarian stance extends to his coverage of twelve companies—he rates only Nvidia as a sell. His buy recommendations include Apple, Netgear, Broadcom, and Arm Holdings, though he argues the real AI spending power lies with Microsoft, Alphabet, Amazon, Meta, Oracle, and OpenAI.
Nvidia’s valuation, now near $4.5 trillion, hinges on demand for its GPUs. Yet Goldberg remains skeptical. "This is not my first bubble," he remarks, drawing parallels to past market frenzies. His outlier view underscores the divide between Wall Street’s Optimism and the risks of overextension.
