Analyst reacts to Nvidia's 2024 GTC conference, details risks
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 Published On Mar 19, 2024

As Nvidia's (NVDA) GTC conference continues, Moor Insights & Strategy CEO Patrick Moorhead joins Yahoo Finance Live to discuss the minimal stock reaction to the event.

Moorhead believes that although investors expected "a knockout blow," the muted price action reflects investors' concerns about how Nvidia's new products stack up against competitors' offerings. Moorhead notes that Nvidia's new chip is essentially "two chips stitched together," creating a costlier product. While the new lineup may be more expensive, the company will deploy a "good, better, best" strategy, keeping all chip variants on the market.
Despite Nvidia's dominant market share, Moorhead raises concerns about the sustainability of this position if the company fails to grow its market share further. He suggests that without continued market share growth, it might be challenging for Nvidia to maintain its current dominance.About Yahoo Finance:

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