Chipmaker Nvidia’s stock said to drop after new year

Silicon Valley chipmaker Nvidia, the best-performing stock i𝕴n the S&P 500 index in 2016, has gotten a little too frothy, according to short seller Andrew Left.

Nvidia shares had soar𝐆ed 262 percent this year through Tuesday, closing at $117.32.

But on Wednesday, Nvidia became the latest tar⭕get of Left’s Citron Research, which reported the tech darling’s shaཧres are more properly priced at about $90.

That call seemed to have an immediate effect, with shares off 6.9 percent, to $109.25. In after-hours trading, they slipp🍌ed 1.2 percent, to $107.97.

“Citron readers know we have long been fans of [Nvidia], but now the [market] is disregarding headwinds,” Left Wednesday. “In 2017, we will see [Nvidia] he✅ad back to $90.”

Nvidia stock rose steadily throughout the year but it accelerated in November after the company’s third-quarter earnings results blew past analyst expectatioไns.

Left isn’t knocking the company as an investor target, but rather says it will come clos🌟e to Earth after Jan. 1, two months before the expiration of a licensing deal with Intel.

T🍌he chipmaker also will face increased competition from AMD, Left said in a tweet.

Nvidia declined to comment.