Nvidia: The Cracks Are Finally Showing (NASDAQ:NVDA) - Seeking Alpha

This article provides an in-depth analysis of NVIDIA's financial performance and future outlook, highlighting that its growth momentum is facing significant headwinds. Despite recent stock gains, anal... Read original →

NVIDIA's growth momentum is weakening amid rising input costs and supply chain constraints, particularly affecting its AI chip business. Memory price hikes are compressing gross margins, while increasing customer dependency on NVDA-funded labs introduces contingent liabilities. The company’s 70% fiscal 2028 revenue forecast is constrained by global semiconductor shortages, especially amid U.S.-China tech decoupling. Competitors like AMD and Intel are accelerating chip development, threatening NVIDIA’s market dominance. If demand softens and competitive pressure intensifies, the stock could face substantial downside. Over the next 12–24 months, the industry will likely enter a consolidation phase, with capital efficiency becoming critical. Edge AI and custom chips will emerge as key growth drivers.