Wall St. Pro Says NVIDIA Is Doomed, With Mother Of All Selloffs Coming
Briefly

One of the best minds on Wall Street, Jim Cabello, feels that the AI trade may have hit a wall after NVIDIA's struggles. If NVIDIA's stock breaks down below a certain level, it could be doomed.
Doug McIntyre highlights the unprecedented climb of NVIDIA without a correction, questioning its sustainability in the AI market. The involvement of the 'magnificent seven' tech stocks raises concerns about a potential sell-off.
Lee Jackson compares the current AI boom to the dot-com era, suggesting that many companies in the sector might not survive. Regulatory scrutiny, ethical issues, and high energy consumption are factors that could impact future AI investments.
Read at 24/7 Wall St.
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