NVDA is in bubble. Only the ones who cash out will be successful. Anyone who’s buying NVDA for long term investment will end up losing than gaining. I have seen how everyone thought CISCO was going to moon and no one could defeat it. Same thing was said for sun Microsystems ( It was like Google in terms of prestige back in the ‘00) Yahoo, Blackberry these were all invincible. For recent examples: - Just 2 years ago, everyone was saying tesla is going to $5000 per share. - Bitcoin is going $200k - Doge is going to $1 It’s all about sentiment and frenzy which takes different forms. Predict share price of Nvdia by end of 2024? Semiconductor industry is cyclical which goes from boom to bust. For example, NVDA share price in ‘00 was $8 and it remained flat for next 16 years. In 2016, NVDA share price was $8 Are NVDA investor ready for a lost decade which means it won’t see highs again for next 10 years? Added CISCO chart and frenzy it had back in ‘00 #nvidia
Nvidia seems to have the momentum of a runaway freight train. Why is it so popular?
No one building cross-platform compute libraries, so natural monopoly due to CUDA
Popcorn ??
Not a bubble yet but it might get there if they don’t keep innovating faster.
If they keep innovating, grabbing new market, increasing product lines, sustain the profit margin and profit then sky is the limit for valuation. These analysts only know numbers and guess numbers for future. If they say we will reduce revenue guide by 20%, stock drops 30% overnight.
Op sounds old
So? Do you only take advice from children?
Markets can stay irrational for longer than you can stay solvent
NVDA was 0.77 - 2.15 in 2000. Where did you get $8 per share from?
OP is Palantir bag holder.
Did you buy those widow maker puts?
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Your statement is correct, but poll is irrelevant. Stock will keep going up until we run out of idiots trying to short it.
Exactly. The stock can easily go above $1000. Bubble top is unpredictable.