Nvidia (NASDAQ: NVDA) bulls have been out in full force this year, as shares of the chipmaker have surged 170% so far in 2023. That's not surprising, given how the company is benefiting from the proliferation of artificial intelligence (AI).
The semiconductor specialist recently delivered outstanding guidance for the ongoing quarter that crushed Wall Street's forecast by a massive margin. Still, there is one pain point that may weigh on Nvidia stock, which is why it would be a good idea for investors to look at the bearish argument as well.
Let's take a closer look at the factors that could negatively impact Nvidia's red-hot rally.
Source Fool.com