Seeking Alpha
13 Nov 2026, 16:46 UTC · 1h ago
Nvidia: A House Of Cards (Rating Downgrade)
Impact · against what's priced in
The downgrade to NVDA is largely a reflection of systemic risks the market is already discounting, though it reinforces the bearish lean of the current price. For AMD and AVGO, the mentioned market-share opportunities are already the primary 'bull case' scenarios that the market is currently refusing to pay for.
- AMD+0.10
Challenges what's priced in
- The price assumes
AMD capturing significant AI accelerator market share from Nvidia
The author identifies market-share opportunities for AMD resulting from uncertainty at Nvidia, which supports the bull case the market is currently declining to pay for.
What AMD's price assumes · Sep 10
