OT: Stock and Investment Thread
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I bought NVDA last year when it was off its ATH and down to 282. I've held it all this time down to the mid 100's, thankfully, and plan on riding it up for a while. It really is a machine and I can see it hitting 500.
On the other end of the spectrum of PFE is NVDA for me lol. That is also I name I've owned for a long long time. It's not anything smart on my part but just dumb luck that's it's gone to infinity and beyond during my owning it. The avg price per share is extremely low for me lol. Best stock return I've ever had.
I actually didn't want to be a pig and sold 2/3s (1/3 1/3 tranches) of it after its rapid rises over the last handful of years but the sucker just keeps on going. The last 1/3 is going nowhere even if the world comes to an end lol.
AI up near $30 in extended.
There was some news from this morning, but the after hours move I'm guessing is riding the NVDA earnings?
I had been reading about SYM and it was recommended to me to buy at 16 a couple months ago. I didn't buy it and now it is at 31.
If you believe in SNOW, DCA down. I need to review their report. I like SNOW and maybe will add it to my fun account.
SNOW Isn't a name for me and my tolerance and I don't pay much attention to it but it's a cloud company and cloud isn't all the rage anymore like it used to be and tech spend is down too. Personally, if you want cloud exposure, MSFT (has AI benefits as well) and AMZN are better names IMO.
Yes. I was listening via XM, so it was just audio. Dan has an active short on NVDA. Yikes.
NVDA is Tesla 2023. Great quarter and big beat but I ain’t buying the guidance. This stock is heavily owned by retail and there is basically nowhere to go right now other than MS, Alphabet, Meta, NVDA…and maybe Abercrombie LOL - up 31%! the AI bubble will pop. AI was already moving along until ChatGPT sent every retail trader to search “AI companies” and they saw Jensen Wong with 4,238 AI mentions during a conference LOL. If you take out big tech this market would be negative on the year.
SNOW does have great growth and is more of a cloud pure play then those other two.
Just expensive, but one I've been and will continue keeping an eye on.
As I said before.....AI Bizatch. Sometimes the hyped next big thing turns out to be the actual next big thing.
No, I think Tim said he covered at $255. As of yesterday, Dan's short was still active (as per their Market Call YouTube show).
What year is TSLA in this comparison?
Not many stocks can touch TSLA's 5 year performance.
SNOW beat earnings but unfortunately guided down which is really hurting the stock in after hours. AI will certainly help SNOW in the long run, but the next quarter maybe tough. The stock certainly didn’t go the way I wanted it to go which sucks.
NVDA on the other hand continues to be a beast and has been one of my core holding for many years and I am happy about the results today. I didn’t buy more into earnings which makes me feel bad but I will live with my current holdings. I will look to sell upside calls tomorrow. I have a feeling volatility is going to back in the next 1-2 weeks with all this debt ceiling nonsense.
NVDA on the other hand continues to be a beast and has been one of my core holding for many years and I am happy about the results today. I didn’t buy more into earnings which makes me feel bad but I will live with my current holdings. I will look to sell upside calls tomorrow. I have a feeling volatility is going to back in the next 1-2 weeks with all this debt ceiling nonsense.
Agree with the notion that tech has gone far very fast and it’s not a bad idea to trim a position and take some profits. Also have said the 4100s is likely a ceiling for the markets and don’t see a catalyst to break out above it meaningfully and hold.
That being said, yea sure AI bubble will pop somewhere along the way but don’t feel like that’s any time soon. It’s early innings IMO and ChatGPT just came out to the masses not that long ago. There could be pullbacks but I think there’s still room to run.
IDK if the CNBC dude was just spit-balling, but he seemed to think if big tech keeps rolling and Silicon Valley start-ups get squeezed due to lack of capital, the gov’t will start with the old antitrust BS again
Nvidia close to becoming first trillion-dollar chip firm after stellar forecast
(Reuters) - For Nvidia Corp, the boom in generative artificial intelligence (AI) is everything, everywhere, all at once.
The chip designer's shares extended their rally this year on Thursday, soaring 25% after a stellar forecast showed that Wall Street has yet to price in the AI potential of the company that has already doubled in value in 2023.
Nvidia ( NVDA ), whose stock hit an all-time high in premarket trading, was set to swell its market valuation by about $189 billion to $945 billion.
The rosy earnings also sparked a rally in the chip sector and AI-focused firms, lifting stock markets from Japan to Europe. In the U.S., companies including Alphabet Inc, Microsoft Corp and AMD rose between 2% and 8%.
Analysts rushed to raise their price targets on Nvidia ( NVDA ) stock, with 21 lifting their view on the idea that all roads in AI lead to the company as it provides the chips used to power ChatGPT and many similar services.
"In the 15+ years we have been doing this job, we have never seen a guide like the one Nvidia ( NVDA ) just put up with the second-quarter outlook that was by all accounts cosmological, and which annihilated expectations," said Stacy Rasgon of Bernstein.
Nvidia ( NVDA ), the fifth-most valuable U.S. company, on Wednesday projected quarterly revenue more than 50% above Wall Street estimates and said it would have more supply of AI chips in the second half to meet a surge in demand.
CEO Jensen Huang said a $1 trillion worth of current equipment in data centers would have to be replaced with AI chips, as generative AI is applied into every product and service.
The results bode well for Big Tech companies, which have shifted focus to AI in hopes the technology would help attract demand at a time their profit engines of digital advertising and cloud computing are under pressure from a weak economy.
"This Nvidia ( NVDA ) changes the whole narrative around AI and demand looking ahead in the enterprise. Historical inflection point possibly in AI Revolution, with Nvidia ( NVDA ) the key barometer," said Dan Ives of Wedbush.
(Reuters) - For Nvidia Corp, the boom in generative artificial intelligence (AI) is everything, everywhere, all at once.
The chip designer's shares extended their rally this year on Thursday, soaring 25% after a stellar forecast showed that Wall Street has yet to price in the AI potential of the company that has already doubled in value in 2023.
Nvidia ( NVDA ), whose stock hit an all-time high in premarket trading, was set to swell its market valuation by about $189 billion to $945 billion.
The rosy earnings also sparked a rally in the chip sector and AI-focused firms, lifting stock markets from Japan to Europe. In the U.S., companies including Alphabet Inc, Microsoft Corp and AMD rose between 2% and 8%.
Analysts rushed to raise their price targets on Nvidia ( NVDA ) stock, with 21 lifting their view on the idea that all roads in AI lead to the company as it provides the chips used to power ChatGPT and many similar services.
"In the 15+ years we have been doing this job, we have never seen a guide like the one Nvidia ( NVDA ) just put up with the second-quarter outlook that was by all accounts cosmological, and which annihilated expectations," said Stacy Rasgon of Bernstein.
Nvidia ( NVDA ), the fifth-most valuable U.S. company, on Wednesday projected quarterly revenue more than 50% above Wall Street estimates and said it would have more supply of AI chips in the second half to meet a surge in demand.
CEO Jensen Huang said a $1 trillion worth of current equipment in data centers would have to be replaced with AI chips, as generative AI is applied into every product and service.
The results bode well for Big Tech companies, which have shifted focus to AI in hopes the technology would help attract demand at a time their profit engines of digital advertising and cloud computing are under pressure from a weak economy.
"This Nvidia ( NVDA ) changes the whole narrative around AI and demand looking ahead in the enterprise. Historical inflection point possibly in AI Revolution, with Nvidia ( NVDA ) the key barometer," said Dan Ives of Wedbush.
Sold my NVDIA this morning, wish I had more, will buy when it go down again.
A record-breaking 17% of consumers who financed a new car in the first three months of the year are paying more than $1,000 a month for their loan — the highest percentage ever recorded, says a report from automotive website Edmunds.
And while that’s the top end, everyone’s costs have been going up. The average monthly payment for a new vehicle sits at a record $730.
Meanwhile, the average annual percent rate (APR) on new financed vehicles purchased in Q1 of 2023? A whopping 7%, the highest it’s been since 2008, says the report.
A record-breaking 17% of consumers who financed a new car in the first three months of the year are paying more than $1,000 a month for their loan — the highest percentage ever recorded, says a report from automotive website Edmunds.
And while that’s the top end, everyone’s costs have been going up. The average monthly payment for a new vehicle sits at a record $730.
Meanwhile, the average annual percent rate (APR) on new financed vehicles purchased in Q1 of 2023? A whopping 7%, the highest it’s been since 2008, says the report.
$1000+ monthly car payment is freaking insane (for most people). Yikes!
Everyone of them will not be able to make the final payment and the car will be repossessed.
I think they need to increase the car loan period to 10-12 years since the majority of people keep their cars for 10 years. I have a $350 month payment 0% interest for 5 years.
Ok, at least 60% won’t be able to keep up with the payments. A little bit more and that use to be a monthly mortgage payment.
If you have to pay over $500 month, then you can't afford the car.
I made a similar point in the EV thread the other day. Too many people are buying cars above their means these days, doing so via lease or loan with really awful interest rates. This can't be good for all the banks doing all the lending if the economy takes a tumble for a while.
OTOH, it would wind up being good for folks wanting to buy used cars.
You think 60% of cars with a $1000 monthly payment will be repossessed?
No chance.
That is absolutely insane to the point where I almost think the data is wrong