Investment decisions have been lowered unusually for NVIDIA, and there is no room for further growth

　　Mr. Ferragyu lowered the company's stock investment decision from “buy” to “neutral (neutral),” saying that NVIDIA's stock price is “being fully evaluated.” NVIDIA's stock price rose by about 240% in 2023, and has risen 156% since the beginning of this year.

　　According to him, further stock appreciation “will only be realized in a bullish case where the outlook for 2025 and beyond will be drastically raised, but there is still no certainty that this scenario will become a reality.”

　　The reduction in investment decisions of companies that have strongly benefited from artificial intelligence (AI) can also be said to be unusual. According to the investment decisions of analysts surveyed by Bloomberg, close to 90% recommend buying NVIDIA shares.