Nvidia looks like a long-term winner with accelerated computing that can grow at 20% CAGR off of 2022 revenue, but in the two weeks since he initiated coverage of the company with a neutral rating, DA Davidson analyst Gil Luria hasn’t heard anything that will shift his view that consensus estimates and expectations for the company’s 2025 and beyond are too high. He believes a meaningful part of Nvidia ownership currently represents portfolio benchmark risk mitigation, and that investors who previously missed out on gains won’t be keen to fight uphill for shares again.