<div id="readability-page-1"><p><strong>Nvidia</strong> <span>(NVDA<span> -2.79%</span>)</span> is one of the most beloved stocks on the market today. The company has a dominant lead in creating the GPUs designed specifically for artificial intelligence use cases.</p> <p>Most analysts are big fans of Nvidia as both a business and as an investment. But one analyst, Jay Goldberg, has a $100 price target for Nvidia stock, the lowest on Wall Street. Whether or not you agree with him, every investor should understand why he expects the stock to fall over 40%. </p>  <h2>3 reasons Goldberg is bearish on Nvidia stock</h2> <p>Nvidia is growing by leaps and bounds. Sales are up by more than 1,000% over the past five years. And given that the AI market is expected to grow by more than 30% annually for years to come, Nvidia's double-digit growth rates should be here to stay. But shares trade at a lofty 27 times sales, and Goldberg thinks there are cracks beginning to show in Nvidia's growth story. </p> <p>His first issue is with Nvidia's exposure to China. The ongoing trade war has disrupted the company's ability to sell its marquee chips to the country, a country that has an AI industry growing by 50% or more per year. Nvidia reportedly struck a deal with the U.S. to resume exports, but ongoing issues with the Chinese government may allow Chinese chipmakers to catch up and secure domestic market share. </p> <div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDgvZ2V0dHlpbWFnZXMtMjE1NTc2OTU1NS0xMjAweDY3NS0xMjg1NTRlLTEuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDgvZ2V0dHlpbWFnZXMtMjE1NTc2OTU1NS0xMjAweDY3NS0xMjg1NTRlLTEuanBnJnc9NzAw"/></p><p>Image source: Getty Images</p> </div> <p>Goldberg is also concerned with Nvidia's bullishness surrounding agentic technologies. While agentic services do pose a long-term growth story, Goldberg thinks that the world is still many years away from any meaningful real-world adoption of this technology.</p> <p>Finally, Goldberg cautions investors that there may be a short-term limit to the skilled labor pool that can scale for AI demand as much as forecasts predict. Even Nvidia has admitted that a huge workforce retraining will be required in an AI-enabled world. </p> <p>While you may not agree with Goldberg's contrarian outlook, even Nvidia's most bullish investors can benefit from understanding the challenges the company faces.</p>                                                                            </div>

NVDA

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

SOXL

<p>Nvidia (NVDA) is facing skepticism from analyst Jay Goldberg, who has set a $100 price target for the stock, the lowest on Wall Street. Despite Nvidia's impressive growth, with sales up over 1,000% in five years, Goldberg cites concerns about its exposure to China, the slow adoption of agentic technologies, and potential limits in the skilled labor pool for AI demand. Investors should consider these challenges, even if they disagree with Goldberg's bearish stance.</p>

- Nvidia is a leading company in the GPU market for artificial intelligence, with significant sales growth over the past five years.  
- Analyst Jay Goldberg has a bearish outlook, citing concerns over Nvidia's exposure to China, the slow adoption of agentic technologies, and potential limits in the skilled labor pool for AI.  
- Despite Nvidia's strong performance, Goldberg's $100 price target reflects his belief that the stock may decline over 40% due to these challenges.  

Why Is This Wall Street Analyst So Bearish on Nvidia? Here Are 3 Key Reasons.