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INVISTA STOCK (NASDAQ:NVDA): More Cyclical Than You Think
Nvidia (NASDAQ:NVDA) designs semiconductors for everything from artificial intelligence to gaming to cryptocurrency mining, and also owns the AI training software Cuda. The company also owns Cuda, an artificial intelligence training software, and I'm bearish on Nvidia, which trades at 76 times P/E and is likely to see its margins peak. I think the company is more cyclical than most people think. Like Tesla (NASDAQ:TSLA) in the electric car space, Nvidia enjoys a first-mover advantage in artificial intelligence. The problem is that, like Tesla in the electric car space, competition is growing exponentially.