Economist Harry Dent Predicts 98% Nvidia Crash, 92% Nasdaq Drop, and S&P Collapse to $2,500 in 'Crash of a Lifetime'.
Renowned economist and founder of HS Dent Investment Management, Harry Dent, has issued a troubling forecast for the tech sector, specifically focusing on Nvidia’s stock price ($NVDA) and the Nasdaq index. In a recent interview, Dent projected that Nvidia could experience a staggering 98% decline, while the Nasdaq may face a significant drop of up to 92%.
Known for his sharp insights and predictive analysis of market trends, Dent warned that we are on the brink of a "crash of a lifetime" within the next few months. His forecast indicates that the S&P 500, a crucial stock market index, could fall to a concerning $2,500.
Investors and market observers are paying close attention to Dent's predictions, given his notable accuracy in previous analyses. While the likelihood of these forecasts materializing remains uncertain, they serve as a stark reminder of the volatility and unpredictability that define financial markets.