--- title: "Nvidia Could Crash Over 70%, Warns Scott Galloway, Says AI Is 'Corporate Ozempic'" type: "News" locale: "en" url: "https://longbridge.com/en/news/280583977.md" description: "Scott Galloway warns that the AI market is a bubble, predicting Nvidia's stock could drop by 70%. He argues that AI is being used by tech CEOs to mask incompetence and justify layoffs while maintaining profit margins. Galloway compares AI to 'corporate Ozempic,' allowing companies to reduce workforce without admitting to poor management. Nvidia's shares have declined 4.19% year-to-date, reflecting broader market trends, but show a strong long-term outlook despite current underperformance." datetime: "2026-03-26T07:25:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280583977.md) - [en](https://longbridge.com/en/news/280583977.md) - [zh-HK](https://longbridge.com/zh-HK/news/280583977.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280583977.md) | [繁體中文](https://longbridge.com/zh-HK/news/280583977.md) # Nvidia Could Crash Over 70%, Warns Scott Galloway, Says AI Is 'Corporate Ozempic' NYU professor and tech commentator **Scott Galloway** warns that the current artificial intelligence (AI) market is a massive bubble, predicting that high-flying tech stocks like **Nvidia Corp.** (NASDAQ:NVDA) could plummet by as much as 70%. ## **The AI Valuation Bubble** Speaking on the Inside Economics podcast alongside Moody’s chief economist **Mark Zandi**, Galloway cast heavy doubt on the sky-high expectations surrounding AI-centric companies. He noted that the sector now represents roughly 40% of the S&P 500. For these companies to justify their astronomical revenue multipliers, Galloway argued they either need to drive unprecedented job destruction to create corporate efficiencies or face a severe market correction. Galloway strongly believes the latter is imminent, predicting that major tech players will soon see their valuations slashed. “If Nvidia goes down 70%, everyone’s going to feel it,” he cautioned, likening the potential crash to historical tech market corrections, such as **Amazon.com Inc.**‘s (NASDAQ:AMZN) brutal 97% drop during the early 2000s dot-com bust. ## **‘Corporate Ozempic’** Galloway also dismissed the apocalyptic narrative that AI will rapidly wipe out the global workforce, instead describing the technology as a convenient tool for corporate trimming. “I find that AI is like corporate Ozempic,” Galloway stated. He explained that just as the popular weight-loss drug reduces caloric intake, AI allows tech companies to sever the traditional link between revenue growth and mass hiring. Board members are now looking at their CEOs and asking how they can do more with less. This gives companies a way to enjoy “great taste with less calories” by quietly shrinking their workforce while maintaining profit margins. ## **A Cover For Incompetence** Ultimately, Galloway believes the catastrophic warnings from tech founders about AI destroying the labor market are mostly a smokescreen. He argued that executives are using the promise of an AI revolution to “wallpaper over their managerial incompetence,” such as overestimating consumer demand or drastically overhiring during the COVID-19 pandemic. According to Galloway, laying off thousands of employees under the guise of being a cutting-edge, AI-driven enterprise plays significantly better to Wall Street investors than admitting to poor business forecasting. ## **NVDA Underperforms In 2026** Shares of NVDA have declined by 4.19% year-to-date, mirroring the losses in the Nasdaq 100 index, which fell by 4.14% in the same period. The stock was 0.56% higher over the last six months and 48.05% over a year. It closed 1.99% higher at $178.68 apiece on Wednesday. **Benzinga’s Edge Stock Rankings** indicate that NVDA maintains a weak price trend over the short and medium terms but a strong trend in the long term, with solid quality score. **_Disclaimer:_** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Photo courtesy: JRdes via Shutterstock_ ### Related Stocks - [iShares Semiconductor ETF (SOXX.US)](https://longbridge.com/en/quote/SOXX.US.md) - [Direxion Daily NVDA Bull 2X Shares (NVDU.US)](https://longbridge.com/en/quote/NVDU.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md) - [T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ.US)](https://longbridge.com/en/quote/NVDQ.US.md) - [Tradr 1.5X Short NVDA Daily ETF (NVDS.US)](https://longbridge.com/en/quote/NVDS.US.md) - [Direxion Daily NVDA Bear 1X ETF (NVDD.US)](https://longbridge.com/en/quote/NVDD.US.md) - [GraniteShares 2x Short NVDA Daily ETF (NVD.US)](https://longbridge.com/en/quote/NVD.US.md) - [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/en/quote/NVDY.US.md) - [The Technology Select Sector SPDR® ETF (XLK.US)](https://longbridge.com/en/quote/XLK.US.md) - [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md) - [State StreetSPDRS&PSftwr&SvcsETF (XSW.US)](https://longbridge.com/en/quote/XSW.US.md) - [T-REX 2X Long NVIDIA Daily Target ETF (NVDX.US)](https://longbridge.com/en/quote/NVDX.US.md) - [iShares Expanded Tech-Software Sect ETF (IGV.US)](https://longbridge.com/en/quote/IGV.US.md) - [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md) - [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [Nvidia (NVDA) H100 Prices Surge 40% as New GPUs Fail to Meet Insatiable Demand](https://longbridge.com/en/news/281588202.md) - [Fractile Seeks $200 Million as Nvidia Faces Inference Pressure](https://longbridge.com/en/news/281215985.md) - [Argentarii LLC Acquires 20,602 Shares of NVIDIA Corporation $NVDA](https://longbridge.com/en/news/281612604.md) - [Nvidia’s $2 Billion Investment in Marvell: What Kind of Company Is Marvell?](https://longbridge.com/en/news/281372238.md) - [Aviz Networks Validates Multi-Tenant Storage Networking for VAST AI Operating System Powering NVIDIA AI Factory Deployments](https://longbridge.com/en/news/281523225.md)