"Nvidia Shares Plummet as Investors React to Market News"

Nvidia's stock took a hit after an analyst report from D.A. Davidson suggested that the company's dominance in AI-related hardware sales could be coming to an end as big tech companies shift spending to in-house production. The report predicts a significant cyclical downturn for Nvidia by 2026, with a price target of $620 per share, representing a nearly 30% decline from Monday's closing price. However, Nvidia's revenue potential from other segments, such as autonomous driving technologies, could offset this. Despite the stock's recent decline, the analyst has maintained a "hold" rating on the shares, suggesting a potential opportunity for long-term investors.