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re: How High Do you think Nvidia stock can go?

Posted on 5/23/24 at 8:58 am to
Posted by KennytheTiger
bella vista ar
Member since Apr 2012
192 posts
Posted on 5/23/24 at 8:58 am to
You are good for laughs. Guess you don't know how cars are manufactured.
Posted by KennytheTiger
bella vista ar
Member since Apr 2012
192 posts
Posted on 5/23/24 at 9:04 am to
Agree. Qualcomm was good to me back in the day. I added a significant amount to NVDA on Monday. Originally, bought in at 150 and again at 300. Will hold for next 12 months or so and start trimming depending on news at the time.
Posted by BuckyCheese
Member since Jan 2015
50690 posts
Posted on 5/23/24 at 11:43 am to
quote:

Will be dumping my position before earnings.



Didn't dump. Worked out for once.

Meanwhile I managed to buy SMCI at the top it appears....

eta-I didn't buy it today. Do wish I had been quick on the trigger to sell it at about 8:40...
This post was edited on 5/23/24 at 11:45 am
Posted by s0tiger
Member since May 2008
685 posts
Posted on 5/23/24 at 4:08 pm to
I feel like I should trim, but I am not. I have made $56k on a $2k investment in 2017 at $35/share. Problem is it's in a taxable account. Only BTC and Link have made me more hypothetical money on a single investment.

Just going to let it ride for now. And reassess at the end of the year. I have some losers I could dump to offset the gains.
This post was edited on 5/23/24 at 4:09 pm
Posted by BZ504
Texas
Member since Oct 2005
9785 posts
Posted on 5/23/24 at 7:12 pm to
At least it’s long term gains, so wouldn’t be too bad.
Posted by beaverfever
Little Rock
Member since Jan 2008
32894 posts
Posted on 5/23/24 at 7:43 pm to
He was never gonna sell. That was a cleverly hidden brag. If I had a 30 bagger i would tell everyone so I’m not mad at it.
Posted by Klondikekajun
Member since Jun 2020
1304 posts
Posted on 5/23/24 at 8:04 pm to
CEO owns 96 million shares....
Blackrock owns 200 million shares...
Vanguard owns 180 million shares...

Do the math on those positions...
Posted by slackster
Houston
Member since Mar 2009
85496 posts
Posted on 5/23/24 at 8:16 pm to
quote:

Blackrock owns 200 million shares... Vanguard owns 180 million shares...


It’s the 3rd largest stock in the US. Do the math on their Microsoft and Apple positions.
Posted by s0tiger
Member since May 2008
685 posts
Posted on 5/23/24 at 8:26 pm to
I didn't think it was that subtle and i really do think about trimming. Then I think about the fact that I made the same investment in Tesla around the same time, but bought into the shorters and sold early.

Same with BTC, I had 10 in 2017, now it's 2...not complaining, but I could be much better off, which is why I haven't sold yet.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40936 posts
Posted on 5/23/24 at 10:09 pm to
quote:

CEO owns 96 million shares....
Blackrock owns 200 million shares...
Vanguard owns 180 million shares...

Do the math on those positions...


Nvidia getting the meme investors it seems.

Synthetic shares tho!!!!!!
Posted by Granola
Member since Jan 2024
588 posts
Posted on 5/28/24 at 12:31 pm to
up over 78 dollars per share today. Keep rocking NVDA
Posted by DVinBR
Member since Jan 2013
13176 posts
Posted on 5/28/24 at 12:44 pm to
what happens when all these big tech companies have bought all the shovels (GPUs) they need for their gold mining operations (AI Data Centers)?
Posted by jlsufan
Baton Rouge
Member since May 2021
277 posts
Posted on 5/28/24 at 2:17 pm to
640K is all anyone will ever need
Posted by AUin02
Member since Jan 2012
4283 posts
Posted on 5/28/24 at 3:24 pm to
GPUs wear out with use, and new ones that are faster get developed and released every year or 2.
Posted by DVinBR
Member since Jan 2013
13176 posts
Posted on 5/28/24 at 5:24 pm to
Well the main point is, all these big tech companies are making these mass bulk orders to build their data centers right now

after they have built up infrastructure the orders will slow down dramatically
Posted by BuckyCheese
Member since Jan 2015
50690 posts
Posted on 5/28/24 at 9:08 pm to
Amazon, google and Meta are working on their own GPUs as well.

It's not going to drop overnight, but nvidia won't own the market forever. Especially when their biggest customers have the ability to make their own.
Posted by Hookah
Member since Nov 2023
154 posts
Posted on 5/28/24 at 9:53 pm to
quote:

what happens when all these big tech companies have bought all the shovels (GPUs) they need for their gold mining operations (AI Data Centers)?



quote:

Amazon, google and Meta are working on their own GPUs as well.

It's not going to drop overnight, but nvidia won't own the market forever. Especially when their biggest customers have the ability to make their own.


You guys have no idea what you’re talking about. NVIDIA is more than just a GPU provider.

And demand for GPUs is going nowhere anytime soon, which nvidia has a strong foothold on.
This post was edited on 5/28/24 at 9:58 pm
Posted by slackster
Houston
Member since Mar 2009
85496 posts
Posted on 5/29/24 at 6:41 am to
NVDA within spitting distance of Apple market cap. $2.8T to $2.9T respectively
Posted by lynxcat
Member since Jan 2008
24267 posts
Posted on 5/29/24 at 6:52 am to
Disagree. The appetite for these learning models is insatiable and will require continued investment in infrastructure.

The real question for Nvidia is whether a viable alternative to them emerges. Can AMD or Intel bring something forward at a discounted price that fragments the market? Economics proves out over the long-term that these outsized profits are not sustainable for a single firm.
Posted by thesabanizer
funroe
Member since Dec 2023
80 posts
Posted on 5/29/24 at 1:13 pm to
see you at $10T
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