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tigerbaiter1033
LSU Fan
Mitlan,Tejas
Member since Nov 2011
1316 posts

NVIDIA
This stock is unbelievable, and their product is absolutely superior to all of its competitors. Price target raised and I believe it. I added positions between 100-125 but think you could still get in and make a nice return.


S1C EM
Georgia Fan
Athens, GA
Member since Nov 2007
6782 posts

re: NVIDIA
quote:

This stock is unbelievable, and their product is absolutely superior to all of its competitors. Price target raised and I believe it. I added positions between 100-125 but think you could still get in and make a nice return.


They've been around for a long time and good at what they do. What's making them so good now for their stock to perform as it is? Also, what's the new target?

EDIT: Just found the new target.
This post was edited on 2/9 at 3:14 pm


Esquire
USA Fan
Baton Rouge
Member since Apr 2014
3319 posts

re: NVIDIA
quote:

What's making them so good now for their stock to perform as it is?


It's the preferred GPU for crypto-miners if I'm not mistaken. I doubt that's the only reason, but it's a major one.


S1C EM
Georgia Fan
Athens, GA
Member since Nov 2007
6782 posts

re: NVIDIA
quote:

It's the preferred GPU for crypto-miners if I'm not mistaken.


I did read this. But first off, I don't understand crypto-mining at all. Second, the uncertainty of crypto would scare the hell out of me holding this long-term. So many things in that world could change over the next ten years. Just strikes me as risky, but only if that's the big reason for their recently-inflated value.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
48244 posts

re: NVIDIA
Stout made a solid post a couple of days ago explaining their non crypto-related value

Eta: here
This post was edited on 2/9 at 3:31 pm


tigerbaiter1033
LSU Fan
Mitlan,Tejas
Member since Nov 2011
1316 posts

re: NVIDIA
The momentum seen in online gaming and machine learning, plus the crypto currency craze has really sent the stock soaring. Their GPU are superior for these things. I don't see the first two cooling off anytime soon. Im not completely sold on crypto but shoot thats not going to.

I work for an oil company and if you look at every technical persons desktop the have a nvidia graphics card, and we aren't even the most technical company out there in O&G or another industry.

I'm not looking at it from a super technical standpoint but simply looking at the demand out there for their product and IMO it's only going to continue to increase. Market is still a little volatile so I'm looking for it to be weighed down by the overall pull back and then try to find another entry point.
This post was edited on 2/9 at 3:37 pm


slackster
Stanford Fan
Houston
Member since Mar 2009
41750 posts

re: NVIDIA
Forward P/E of 42 is still insane. NVIDIA just has a shite ton of momentum though, and if the past week has taught us anything, it's that fundamentals don't seem to matter.


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stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137517 posts

re: NVIDIA
quote:

It's the preferred GPU for crypto-miners if I'm not mistaken.



Depends on the coin. AMD cards produce better hash rates overall and always has.

quote:

but it's a major one.



No. Nvidia chips are in just about every handheld device, laptop, tablet, the Nintendo Switch, etc. Do some research and you will realize very quickly just how many products they are in outside of just gaming PCs.

They are also the preferred chip maker for autonomous vehicles at this point.
This post was edited on 2/9 at 3:58 pm


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10
stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137517 posts

re: NVIDIA
quote:

Im not completely sold on crypto but shoot thats not going to.



Whether cryptocurrency stays or not, blockchain technology isn't going anywhere so there will always be a demand for hardware to support it. The issue is that it won't always been GPUs that do it. There have been machines out for a while now called ASIC machines that produce much better hashrates for certain blockchains. I don't think any of that will make or break Nvidia when you consider the amount of products they are in outside of just gaming PCs. Like I said, they are in a ton of everyday products people use and will continue to be.


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10
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
47969 posts

re: NVIDIA
I bought it last year around $90 a share. Wish I had went all in.


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southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49759 posts

re: NVIDIA
I bought at $155 and got scared one day and dumped it at $192.


Can’t get out of my own way sometimes


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