Why do you think investors are driving NVIDIA share prices down despite another great quarterly report? Commentators seem to think it's because the report was not extraordinary enough. 70% of shares are owned by insiders and institutions. I think they are trying to drive down the price to $100 or less/share and then swoop in and buy. The P/E is still too high, around 57. $90/share would bring it to a reasonable spot. I have no plans to sell. For better or worse, AI is here to stay and NVIDIA is far and away the biggest player.
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@Phranny saidits amazing how people are lead. Many are thinking AI is something new…it’s not, is has been around for a long time
Why do you think investors are driving NVIDIA share prices down despite another great quarterly report? Commentators seem to think it's because the report was not extraordinary enough. 70% of shares are owned by insiders and institutions. I think they are trying to drive down the price to $100 or less/share and then swoop in and buy. The P/E is still too high, around 57. $90 ...[text shortened]... ans to sell. For better or worse, AI is here to stay and NVIDIA is far and away the biggest player.
@Phranny saidWho ever really knows, some things are 'baked in' to a price, and we don't know it. Me, I have always been curious how, considering the basic concept of insider trading and/or monopolies, how someone leaves a board meeting, knowing secrets of the stock, and makes a move to enrich themselves. HOW can that be monitored? We know it goes on.
Why do you think investors are driving NVIDIA share prices down despite another great quarterly report? Commentators seem to think it's because the report was not extraordinary enough. 70% of shares are owned by insiders and institutions. I think they are trying to drive down the price to $100 or less/share and then swoop in and buy. The P/E is still too high, around 57. $90 ...[text shortened]... ans to sell. For better or worse, AI is here to stay and NVIDIA is far and away the biggest player.
Here is a thought along your premise....A top-notch economist said on Squawk Box that Cadence Design Systems. (CDNS) was a top buy, as the company is very important to AI stocks. Buy all you can!!! This was about 9 months ago.
It was about $350. It has drifted south and now is $268.00. Some smart people, like Cathie Wood, CEO Ark Funds , have made some bad moves as well, I think she SOLD NVidia a few months ago, and then observed the run-up before her very eyes!
Crap Shoot!! Apple may have been a crap shoot not many years ago
Happy foraging!
@AverageJoe1 I don't think Nvidia is a risky investment. It is at the leading edge of AI development and is not focusing on just the chips. Fortunately I bought a chunk of shares below $100 before the last two splits. It's all in a Roth. Due to my age, Nvidia is the only individual equity I currently own. The rest are various indexed funds with a 60/40 split. Due to Nvidia's growth, I am heavily weighted towards that stock. I am in a financial position to be able to take risks. I'm very lucky. If I were younger, I would be investing in corporations focusing on AI security. I do enjoy the challenge of investing.
@Phranny saidA pro would tell you, with such a profit, to sell some of it (take some off the table), hold the cash till the next dip. I have quite a bit of bitcoin, and intend to sit on it, so I am not practicing what they preach. One of my points of view.....it is realistic to ponder.......Will we REALLY be using paper money in a few decades? Probably not.
@AverageJoe1 I don't think Nvidia is a risky investment. It is at the leading edge of AI development and is not focusing on just the chips. Fortunately I bought a chunk of shares below $100 before the last two splits. It's all in a Roth. Due to my age, Nvidia is the only individual equity I currently own. The rest are various indexed funds with a 60/40 split. Due to Nvidia's ...[text shortened]... I would be investing in corporations focusing on AI security. I do enjoy the challenge of investing.
I have no advice!!!! not that you asked. 🤔
@AverageJoe1
I have no bitcoin. I do not like the idea that it's value is backed by nothing. I think it is mainly used to launder money. I will hold onto all of my Nvidia. My day trading days are done. I believe it is a company with a solid future and plenty of room for growth.
@Phranny saidWell, we jinxed Nvidia. NOW I wish I had taken the pro's advice and taken some off the table, it is down 6 right now. Like i said, crap shoot!
@AverageJoe1
I have no bitcoin. I do not like the idea that it's value is backed by nothing. I think it is mainly used to launder money. I will hold onto all of my Nvidia. My day trading days are done. I believe it is a company with a solid future and plenty of room for growth.
@sonhouse All major brokerage houses are suggesting that $140 to $153 per share is an expected price for Nvidia at this time. All large advisory firms see it as a strong buy or a hold. None recommend selling. At this moment, Nvidia is selling for $108.40. The P/E is 50.91, still high. Not long ago, it was over 70. All the AI equities are volatile. Nvidia does not have any close competitors for AI chips. Of course that could change. AMD is a competitor but not at all close. The CEO of Nvidia and AMD are cousins. Just an interesting aside. I think many of the AI industry captains are from Taiwan. Nvidia is rich in cash. It has no debt. It can pay top price for talent. I believe that is key to its continued success. AMD recently paid 4 billion, increasing its debt significantly, for a private company whose talent they desire. The company comes with about 4,000 employees.
The Tech Train runs very fast in one direction. It never stops. companies have a brief opportunity to hop on and then it's gone. Both Kodak, inventor of digital photography, and RIM, home to the Blackberry, lost their opportunity. Kodak thought there was no future in digital photography. Sigh....
@Phranny saidAI is really just algorithms based in Python. This isn't anything really new. Pythons' been around forever. Nvidia used the Apple model...take old tech and put it into a shiny package then sell it for twice as much as your competitor and watch as all the lemmings jump on board.
Why do you think investors are driving NVIDIA share prices down despite another great quarterly report? Commentators seem to think it's because the report was not extraordinary enough. 70% of shares are owned by insiders and institutions. I think they are trying to drive down the price to $100 or less/share and then swoop in and buy. The P/E is still too high, around 57. $90 ...[text shortened]... ans to sell. For better or worse, AI is here to stay and NVIDIA is far and away the biggest player.
AI is just computer code. Any company can do this. Just a matter of time until someone else writes a better code than Nvidia or another stock gets in the news for the trendy people to buy.
They key to making money though is to sell before the trendy people find another shiny stock to buy and the nvidia stock tanks.
@sonhouse saidPlease take no advice from me, I am writing generally.
@Phranny
So it sounds like a buy if you see it go to 90 bucks? Did you say it was 350? Now it is 110 and change. Is that what you see?
Look at the. history and you will see that there was a 10/1 split several months ago. So weigh all of that before deciding, but this is indeed a huge dip. Can't say what I am doing , but it is quite the company. Yes, it was close to $800 when it split, as best I can remember. I assume that that is wehre you get your $90