That catapults them past Amazon for #3 on market cap, behind only Apple and Microsoft. Congrats to all who bought in.
Nvidia up 15% today
- Thread starter dorndawg
- Start date
My "disciplined" investing left me with 50% of my original position, but I've learned that a quick way to go broke is just trying to time the market...
I meant to bump the old thread. I think they’re the most valuable company in the world, possibly behind Microsoft. NVDA’s earnings reports yesterday was basically a circlejerk.
In fairness, it had slipped some in the last few days of trading. Now up 59% in 2024 alone. 277% since 2/22/23.
In fairness, it had slipped some in the last few days of trading. Now up 59% in 2024 alone. 277% since 2/22/23.
We bought in a couple of years ago and plan to just ride it for the next 2-3 years before we even think about selling any of it. It will have some ups and downs but this is one of those rare opportunities where you have a chance to make some significant money eventually.
April 2018 for me. Let it ride! I’m going to press my luck. No whammy’s, no whammy’s!
I was late to the party on NVIDIA. I know it breaks all the rules to buy high but thinking about buying in. Can some of your expert forecasters weight in? What's the forecast here?
Thanks to who ever recommended that a few weeks ago. Wish I remember who that was, I'd turn my IRA over to him for management.
My opinion FWIW (little on this, I don't understand all the tech), is that a perfect storm of high crypto, AI demand, and the booming Biden economy has pushed demand for their products through the roof. I think AI is overrated and the current purchasers will be disappointed in their returns and will scale back severely soon enough. If that combines with a crypto downturn or general economic downturn, then demand for their products will crater and so will earnings and stock price.
I of course like what it's doing for the ol' portfolio these days, otherwise I actively root against AI.
It's going to keep going up forever. This time is different.