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NVDA's rise and continued strength is amazing

Posted on 1/19/24 at 7:08 am
Posted by The Egg
Houston, TX
Member since Dec 2004
79115 posts
Posted on 1/19/24 at 7:08 am
And with them being the leaders of the AI boom, where the hell can this go?

Been such a great ride!
Posted by Granola
Member since Jan 2024
436 posts
Posted on 1/19/24 at 7:19 am to
I hold some in my Roth IRA. Everybody should own a few shares of this
Posted by Naked Bootleg
Member since Jul 2021
1812 posts
Posted on 1/19/24 at 7:26 am to
Large companies are starting to find actual, real benefit with AI. The next few years will be interesting.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16901 posts
Posted on 1/19/24 at 8:58 am to
i hate that i don't want to buy it because of the run. also since i knew of it at single digits and never owned any.

shame
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
21233 posts
Posted on 1/19/24 at 9:41 am to
I hate myself for only getting 15 shares last year, should of backed a truck of cash into it

Posted by Franticlethargy
I'm always lurking...
Member since Aug 2014
304 posts
Posted on 1/19/24 at 9:46 am to
2024 is the year of AI, so much happening. Meta buying a bunch, upgrade to like a 790 pt. This looks like a year long run in nvda, amd, Microsoft, I’m just going to buy calls until I’m proven wrong.
Posted by Pezzo
Member since Aug 2020
1932 posts
Posted on 1/19/24 at 10:14 am to
NVDA only goes up
Posted by geauxdjback9
what the fellas be yellin
Member since Jul 2006
1385 posts
Posted on 1/19/24 at 11:31 am to
Should I jump on now or wait for a dip? I have about 50k in an old IRA that I can play with. I have always left the trading to Vanguard and Empower.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40832 posts
Posted on 1/19/24 at 11:40 am to
This feels like a FOMO play, but unlike some previous plays NVDA does have a very strong business and healthy balance sheet.

I would not initiate any positions here, because it is hard for me to see them grow into the current valuations. However, the market is pretty over valued already.

Obviously through broad index funds etc.. I already have significant exposure.
Posted by The Egg
Houston, TX
Member since Dec 2004
79115 posts
Posted on 1/19/24 at 12:43 pm to
590

What a stunner
Posted by StonewallJack
Member since Apr 2008
681 posts
Posted on 1/22/24 at 8:49 am to
To the MOON!!
Posted by go ta hell ole miss
Member since Jan 2007
13616 posts
Posted on 1/22/24 at 9:48 am to
quote:

I would not initiate any positions here, because it is hard for me to see them grow into the current valuations. However, the market is pretty over valued already.


People have been saying this for the last 350 points. Their forward PE is 30. They continue to grow into fair valuation. This is a $1200-1500 stock in 18 months.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75157 posts
Posted on 1/22/24 at 10:59 am to
This tech rally is drawing comparisons to 1999.
Posted by SlidellCajun
Slidell la
Member since May 2019
10354 posts
Posted on 1/22/24 at 11:26 am to
I’m amazed but it’s a hell of a ride
Posted by SlidellCajun
Slidell la
Member since May 2019
10354 posts
Posted on 1/22/24 at 11:33 am to
3 others that have been very rewarding

Shopify
Snowflake
Palo Alto
This post was edited on 1/22/24 at 11:33 am
Posted by sonoma8
Member since Oct 2006
7663 posts
Posted on 1/22/24 at 11:46 am to
What would be a good entry point?
Posted by Double Oh
Louisiana
Member since Sep 2008
17766 posts
Posted on 1/22/24 at 3:53 pm to
quote:

What would be a good entry point?




Right freakin now bro before you miss the boat. Well you already missed the boat but its no to late to get in. Buy nowwwwwwwwwwwwwwwwwwwwwww
Posted by sonoma8
Member since Oct 2006
7663 posts
Posted on 1/22/24 at 4:11 pm to
I dont know man, after getting burned by Voyager, my a-hole still hurts
Posted by skewbs
Member since Apr 2008
2000 posts
Posted on 1/22/24 at 4:44 pm to
quote:

I hold some in my Roth IRA


Same. In at a cost basis of $112/share. This is downright unreal.
Posted by slackster
Houston
Member since Mar 2009
84675 posts
Posted on 1/22/24 at 5:10 pm to
quote:

This is a $1200-1500 stock in 18 months.


I’ll come along for the ride with my current position but the high end of your range would put it worth more than Microsoft and Berkshire Hathaway combined.

We’re talking about being worth more than the current largest and 7th largest company in the US.
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