According to Benzinga, Nvidia's stock has struggled year-to-date despite optimistic analyst calls and a highly anticipated GTC keynote. Chief investment officer at Landsberg Bennett Private Wealth Management Michael Landsberg warned that AI stocks are overcrowded and due for a pullback. He told Reuters he wouldn't buy tech on the dip, citing economic slowdown concerns, potential tariff issues, and excessive exposure to AI stocks. While analysts remain bullish on Nvidia's long-term prospects, Landsberg emphasized short-term headwinds, including macroeconomic pressures and investor saturation in AI-related holdings.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA's stock has struggled year to date, despite optimistic analyst calls and a highly
00:06anticipated GTC keynote, according to Benzinga. Chief Investment Officer at Landsberg Bennett
00:11Private Wealth Management Michael Landsberg warned that AI stocks are overcrowded and
00:16due for a pullback. He told Reuters that he wouldn't buy tech on a dip,
00:19citing economic slowdown concerns, potential tariff issues and excessive exposure to AI stocks.
00:25While analysts remain bullish on NVIDIA's long-term prospects,
00:28Landsberg emphasized short-term headwinds, including macroeconomic pressures
00:32and investor saturation in AI-related holdings.