Nvidia (NASDAQ: NVDA), a leading player in the AI chip market, has faced challenges this year, including export restrictions to China, prompting Seaport Global Securities analyst Jay Goldberg to downgrade the stock to a sell rating with a $100 price target, the lowest on Wall Street. Goldberg believes the potential of AI is currently priced in and expresses concern that Nvidia’s major customers are moving towards designing their own chips, which may lead to a slowdown in AI budgets by 2026. Investors are left questioning the company’s near-term outlook amid a tough macroeconomic environment.