Cathie Wood's outlook for Nvidia is slower growth, weaker demand, and fiercer competition.
Wood has cut her exposure to Nvidia as she believes the market's hopes may be overblown.
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AdvertisementCathie Wood has sounded the alarm on Nvidia, warning its spectacular growth is likely to slow, and comparing its stock surge to Cisco during the dot-com bubble.
Indeed, Nvidia stock has soared almost 90% this year, boosting the company's market capitalization to more than $2 trillion.
Persons:
Wood, —, Cathie Wood, hasn't, Tesla, Jensen Huang, Sam Yeh
Organizations:
Nvidia, Ark, Service, Cisco, Ark Invest, Oracle, AMD, Getty, Apple
Locations:
AFP