The article discusses an analyst’s downgrade of Nvidia’s stock due to concerns that the company’s potential in artificial intelligence (AI) is already fully valued in its current stock price. The key points are: 1) Nvidia’s stock has surged over 180% this year, driven by excitement around its AI capabilities. 2) However, an analyst at Susquehanna has downgraded the stock from ‘Positive’ to ‘Neutral’, citing valuation concerns. 3) The analyst believes Nvidia’s AI potential is already priced in, and the stock may struggle to rise further in the near term. 4) Nvidia’s data center business, which includes AI chips, is expected to drive future growth, but competition from AMD and Intel could pose challenges. 5) The analyst maintains a $230 price target for Nvidia, implying limited upside from current levels. 6) Despite the downgrade, the analyst remains positive on Nvidia’s long-term prospects in AI and data centers.