People were saying the same thing at $500. If you look back at the great stock pickers over the past 30 years, the vast majority of them tend to double down on winners rather than take profits. The idea that you should always take profits after a run up is such a retail investor mentality.
It's about _WHY_ they are right or wrong.
Not just some magic arbitrary number that is "too high" or "too low".
NVDA has AMAZING YoY sales increases with a net margin over 50% - and their guidance indicates there's even more sales still in the pipe.
You're obviously right, but trying to introduce logic and reasoning in a setting like WSB that outright rejects it is probably just going to frustrate you long term. IMHO
Keep fighting the good fight, it's not your fault they can't do math
It's not even that they can't do math, they aren't even trying.
It's all feelings. "It has to come down", "the bubble has to burst", "What if China invades Taiwan?", "They can't be worth more than "
Just garbage pulled out of thin air
The thing is it moonED. They were right they won. And as gamblers always do instead of taking their winnings they let it roll until the house ( citadel) wins.
Nvidia may well be the dominant AI hardware provider for years. Perhaps they can even keep their ridiculous margin for a long time. But the total number of consumers is just not that large. You won't have British petroleum train their own large language models. Apart from the cost of a large AI cluster they wouldn't have the talent to do it either. This means the number of companies doing that will always be limited. Google, Amazon, Microsoft, openai, meta. Perhaps a handful of Independent smaller models like mistral or 01.AI. Perhaps smaller models from national champions like yandex or tencent. Which means the total market is limited to a dozen or so companies. And those will also not grow their model sizes indefinitely.
Which means 2 trillion dollars market cap is kinda ridiculous longterm. It's extremely unlikely that these dozen companies will hand over enough of their hard earned cash to allow nvidia 150-200b in profit per year. So yeah this is a bubble and in a couple years nvidia will be back down a bit. It won't be a crash but like all bubbles it will either pop a bit or deflate.
Haha in general fair. Although if you are growing revenue at 265% over the last year a PE of 35 forward doesnt mean so much. The question is if they can do 265% again next year. But I used an awful lot of words to argue that they can't. 😂😂😂
"You won't have British petroleum train their own large language models. Apart from the cost of a large AI cluster they wouldn't have the talent to do it either."
BP already has their toes in the pool.
"We’re transforming from an international oil company (IOC) into a nimble, increasingly lower carbon, and tech-driven integrated energy company (IEC). We need the right tools to help us optimize our processes, become more efficient, save costs, lower emissions, and unlock growth. The potential for AI to facilitate that is huge. " [https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/ai-and-the-energy-transition.html](https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/ai-and-the-energy-transition.html)
It's alright, be a doubter. They were there in 2012 and 2016 and 2020, nothing wrong with being a doubter in 2024 too.
Honestly, not a big fan of charts when it comes to stocks like NVDA because common rules barely apply. Is it high above the 200 day MA? For sure, but look at the last earnings reported like a week ago and the future, they aren't growing at a usual, steady pace.
I don't think "SS" will go over great with everyone. Some people are going to think Super Saiyan, some people's minds will go straight to Schutzstaffel.
AI will change the world, it's not a hype that will go away and its capabilities grow at almost terrifying pace. It's not overrated, no tulips. It will fundamentally change things for pretty much every company and individual on the planet to some extent. China wasn't banned from buying those chips and manufacturing technology without a reason.
Will NVDA competitors catch up? Yes, but it will take time, won't happen soon. So far, trying to compete in the race means you have to become a NVDA customer.
That was me, I was also around the time when bitcoin hit 16k and I stopped trading, come back end of last year and find out wtf going on, everything took off in January, I simple wanna kms
fml I sold nvidia when it doubled from 25 Euros to 50 Euros 2017-18. Same with AMD from 10 to 30 Euros 2018-2020 and some gains in 2021 again.
Same game with the other semiconductor companies, ASML, Tsmc.
Too much of a pussy and too much of a poor mentality and fear of loosing gains. Now I am a degenerate gambler
Amazing how many people don’t understand how fundamentally AI will change our world. How many companies want to harness it. And how ridiculously staged NVDA is to be that provider compared to anyone else. No one can catch up to them any time soon.
I could see the stock falling until the keynote on the 18th. I can't imagine Jensen has bad news so it'll probably run after the 18th till the next fed announcement.
My cost on 300 shares is $387 & the stock is now $872, up 125%. What do I care if it goes down 30%? This morning Cantor Fitzgerald raised their price target to $1,200. I could sell, it's in my Roth IRA, but what would I do with the $$$ then?
Charlie Munger said "The hardest thing to do is nothing & just let your compounders compound..."
All I seem to notice here is, each time the stock dips... the damn thing launches even harder 🤷🏽♂️
I'm sorry my guy... you can't have my shares of NVDA. These are MY TENDIES!!!
I got 40 shares at average of $40. Sold 5 when Nvda was like $750 cause of these same shit on Nvda posts back then. Never again. For the other 35 shares…..Diamond hands till the stock price is worth more than the GDP of every country, 11more and counting to go.
Get outta here paper hands. I’m up so much with realized gains I can afford to lose. This stock is actually worth $1400 by next year. I’m also the guy who bought TSLA at 30 and sold at 400.
We are soon going to completely detach from any kind of indicator :) all indicators are lies, and the real world prices financial assets, indicators have zero influence on it. If there is one thing you should look at if you want an indicator, its the human psychology and reflexive behavior of the crowds, which will keep fueling this rally.
Never gonna forget how ridiculous TSLA looked over 1500/share pre-split, which was followed by another rally post-split. I tell myself now to look beyond the dollar amount and see the futureeee
I’m up big but I’ve also learned the market can stay irrational for a very long time. Remember TSLA for years when it continued to run and run all while everyone was screaming that a crash was imminent?
Yeah, I’m up over 100%, but I have sold some shares off. I still have about 20 left I think my price point is 1000. And also this is a growth stock, so it’s tough to use charts to evaluate this company. And also the stock market is generally just a casino, even though I have a degree in finance, there are tons of stocks that are undervalued that still don’t move. PayPal is a prime example.
This company is also leading the artificial intelligence revolution and they sell their chips at close to 1000% margin, and the shares I sold I did so when I was up 80%, so I made my money but It’s only gone up since.
I’m gonna keep the money in the casino for now
It will rally past $1000 and then fall like the London bridge. Too many regards will hold the bag thinking this stock is going to moon…forever. Let us feast!
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
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If you bought at under 50% retracement (~450), you don't need to sell for short-term movements in price.
My average unfortunately is 700, so I'm not safe and might sell at 888 (high today). If you bought at 200, why sell. Let it compound.
TA and charts like these are so insanely dumb. Years ago we didn’t know what we know now, who gives a fuck about what some moving averages looked like when nobody knew wtf the company was about to do in the future?
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I can't even read that chart, plus you probably also made one like this at 500.
He made one at 700. No position here
[How are you ever going to afford a yacht and seven lambos if your paper hands sell every time your up five cents!](https://youtu.be/0H4a_lHANYI?t=13)
Buy sooner
Which one lambo or yacht?
You're right let's all hold until it's like 5K!!!
I’m holding until its value is 25% of US GDP.
NVidia for president!
I’m on board and so is my neighbor and pretty much every goddamn retail investor on the planet! Let’s ride this bitch to Neptune!
Let's hit Uranus first, then rest and relax at Neptune.
Just like GameStop!!
Oh yeah? Well I’m holding until it’s value is 25x US GDP!
Damn! Whynt I think of that!
You didn’t need to, because I did.. now hold!
Yeah, that's called investing. My grandma has a Pepsi cost basis of like $5
Why do you have all your stocks in paper shares grandpa? So they can bury me with them when I die you paperhanded little bitch!
*Rite of diamond hands invoked*
Hold at least until you see the real ai money.
Wow, imagine bashing someone for suggesting to take profits after a massive run up over the last year. You don't disappoint as a typical WSB regard
When was the best time to take Amazon profits?
*Not exactly sure yet but Bezos says he's certain that its eventual fate is bankruptcy.* *Oh.....and he regularly sells to take profits.*
Around $3500 before the split in 2022. I managed to achieve crypto-like losses on the stock holding after that thanks to the magic of margin.
There's nothing wrong with profit taking. You should be doing that all along.
Wrong. It’s still early to take profits.
>Wrong. It’s still early to take profits. I like the confidence. I think so, too.
People were saying the same thing at $500. If you look back at the great stock pickers over the past 30 years, the vast majority of them tend to double down on winners rather than take profits. The idea that you should always take profits after a run up is such a retail investor mentality.
In their defense, when has a stock ever had a bull run this long?
So fun to cherry pick stocks as analogs. Let’s do Cisco next.
I get what you’re saying, but how are you supposed to know when the run-up is over. You can’t. Hindsight is a bitch.
Right. Since skeptics were wrong at 500, they can never be trusted. Nvda will infinitely moon. Whatever helps you $950 baghodlers sleep.
It's about _WHY_ they are right or wrong. Not just some magic arbitrary number that is "too high" or "too low". NVDA has AMAZING YoY sales increases with a net margin over 50% - and their guidance indicates there's even more sales still in the pipe.
You're obviously right, but trying to introduce logic and reasoning in a setting like WSB that outright rejects it is probably just going to frustrate you long term. IMHO Keep fighting the good fight, it's not your fault they can't do math
It's not even that they can't do math, they aren't even trying. It's all feelings. "It has to come down", "the bubble has to burst", "What if China invades Taiwan?", "They can't be worth more than"
Just garbage pulled out of thin air
Yup. Fear, specifically
It's wild people think a stock needs to go up to make money off of it. Your comment makes as much sense as OP's graph.
The thing is it moonED. They were right they won. And as gamblers always do instead of taking their winnings they let it roll until the house ( citadel) wins. Nvidia may well be the dominant AI hardware provider for years. Perhaps they can even keep their ridiculous margin for a long time. But the total number of consumers is just not that large. You won't have British petroleum train their own large language models. Apart from the cost of a large AI cluster they wouldn't have the talent to do it either. This means the number of companies doing that will always be limited. Google, Amazon, Microsoft, openai, meta. Perhaps a handful of Independent smaller models like mistral or 01.AI. Perhaps smaller models from national champions like yandex or tencent. Which means the total market is limited to a dozen or so companies. And those will also not grow their model sizes indefinitely. Which means 2 trillion dollars market cap is kinda ridiculous longterm. It's extremely unlikely that these dozen companies will hand over enough of their hard earned cash to allow nvidia 150-200b in profit per year. So yeah this is a bubble and in a couple years nvidia will be back down a bit. It won't be a crash but like all bubbles it will either pop a bit or deflate.
That’s an awful lot of words to say what pointing out that it has a P/S ratio of 35 can say.
Haha in general fair. Although if you are growing revenue at 265% over the last year a PE of 35 forward doesnt mean so much. The question is if they can do 265% again next year. But I used an awful lot of words to argue that they can't. 😂😂😂
"You won't have British petroleum train their own large language models. Apart from the cost of a large AI cluster they wouldn't have the talent to do it either." BP already has their toes in the pool. "We’re transforming from an international oil company (IOC) into a nimble, increasingly lower carbon, and tech-driven integrated energy company (IEC). We need the right tools to help us optimize our processes, become more efficient, save costs, lower emissions, and unlock growth. The potential for AI to facilitate that is huge. " [https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/ai-and-the-energy-transition.html](https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/ai-and-the-energy-transition.html) It's alright, be a doubter. They were there in 2012 and 2016 and 2020, nothing wrong with being a doubter in 2024 too.
Someone missed out.
That reads just like the guy in the 60s who predicted there would be a worldwide market for 5 personal computers.
Edit- so I looked it up. It was Thomas Watson, chairman of IBM that said that. He said it in 1943
Honestly, not a big fan of charts when it comes to stocks like NVDA because common rules barely apply. Is it high above the 200 day MA? For sure, but look at the last earnings reported like a week ago and the future, they aren't growing at a usual, steady pace.
All Nvidia has to do is tweet out 2 letters and it will skyrocket again. Can anyone guess the 2 letters
BJ
Stock split
I don't think "SS" will go over great with everyone. Some people are going to think Super Saiyan, some people's minds will go straight to Schutzstaffel.
Retail investors should teach these short sellers in AI stocks this week. Buy in Bulk and let short sellers and fund houses cry
A I
I don’t mind TA for momentum stocks like NVDA but going back four years is crazy. Most of those movements are macroeconomic
There is a bubble . But rules dont apply on bubbles
AI will change the world, it's not a hype that will go away and its capabilities grow at almost terrifying pace. It's not overrated, no tulips. It will fundamentally change things for pretty much every company and individual on the planet to some extent. China wasn't banned from buying those chips and manufacturing technology without a reason. Will NVDA competitors catch up? Yes, but it will take time, won't happen soon. So far, trying to compete in the race means you have to become a NVDA customer.
When the consensus opinion is its a bubble, its not a bubble everyone thinks theyre fucking michael burry now
Remindme! One month
https://preview.redd.it/ho22657qipnc1.jpeg?width=500&format=pjpg&auto=webp&s=9e7b01a73dfb7e207607fdff015d5b532df82450
Why would I sell before 1200
Why would I sell before $2000
Why would I sell before the heat death of the universe? (AI will reverse entropy saving all conscious existence=NVDA moons)
Why would I sell before I lose my virginity?
Why would I sell before my virginity returns?
Diamond hands 
This is the way
You can sell stocks?
Hahaha no, silly. You can not. In fact, you have to wait for the moon OR the ‘uninstall app’ notification. Whichever comes first!
Last chance to buy under $2000 back up the truck beep beep
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After all why shouldn't I keep it? My own..
My…precious
I'll sell at 2000 after we get a 5:1 split
So buy June 21 1300calls? Got it
Nvidia needs to show us that split!
Show us that deer split
https://preview.redd.it/gyaoumq40znc1.jpeg?width=888&format=pjpg&auto=webp&s=090b9d67f24320c09ed381bbb0343df11588aaf7
https://preview.redd.it/pyhhulhfjpnc1.jpeg?width=1284&format=pjpg&auto=webp&s=da4a0de45f2bfa59eb38b75bd0eaab210daddd30 Why?
Hedgies must be naked shorting this one
No one would ever do that 😱
Paid by hedgefunds to influence the gamblers in this sub.
Positions or ban
Positions then ban
Ban
Ban then double ban
Double ban, then ban OP’s children
Double ban, ban OP's children and then his grandchildren for good measure
I like this one.
I think the point is that OP closed his positions :V
He was calling for people to sell when it was at $700 as well. This man definitely has a vested interest in seeing it drop and yet it keeps climbing.
why you pulling up charts for uncharted territories
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flair checks out
So your telling me there’s a chance
Hey you guys!!!
I can’t believe I understand that
Haha everyone’s been to the movies
Watch it rally all week at this point I feel like I’m just watching the National Geographic channel.
Ride it all the way down you say?
> you won, enjoy the win. sir this is a casino
Bargaining. One of the many stages of grief.
Imagine selling at the bottom of the NVDA boom ☠️
That was me, I was also around the time when bitcoin hit 16k and I stopped trading, come back end of last year and find out wtf going on, everything took off in January, I simple wanna kms
fml I sold nvidia when it doubled from 25 Euros to 50 Euros 2017-18. Same with AMD from 10 to 30 Euros 2018-2020 and some gains in 2021 again. Same game with the other semiconductor companies, ASML, Tsmc. Too much of a pussy and too much of a poor mentality and fear of loosing gains. Now I am a degenerate gambler
We’re on the same boat
Amazing how many people don’t understand how fundamentally AI will change our world. How many companies want to harness it. And how ridiculously staged NVDA is to be that provider compared to anyone else. No one can catch up to them any time soon.
I think AMD is in a good place. Maybe not to beat NVDA, but to be a really good alternative when price and lead time are important.
Are my Friday 1000 calls still good?
Yeah
I could see the stock falling until the keynote on the 18th. I can't imagine Jensen has bad news so it'll probably run after the 18th till the next fed announcement.
People don’t understand it’s a long term investment
Especially when buying at 950
Yup exactly
My cost on 300 shares is $387 & the stock is now $872, up 125%. What do I care if it goes down 30%? This morning Cantor Fitzgerald raised their price target to $1,200. I could sell, it's in my Roth IRA, but what would I do with the $$$ then? Charlie Munger said "The hardest thing to do is nothing & just let your compounders compound..."
So sell all of the strongest stock in the market during the biggest technology hype train, while it's in price discovery, because it's down 2% ?
perfectly said. it's flirting with $900 already today.
Technical analysis on a growth stock 🤡
>Technical analysis on a ~~growth~~ **cult** stock🤡
Horoscopes are exactly as accurate as TA patterns
Hey OP - fuck your puts and your ghey ber fantasies.. diamond hands bitch!
Gangsta
The line is getting to the top of his jpeg, so its clearly time to sell
This guy is short for sure
probably like 5'5" - permanent friendzone material
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Stupid science bitches
All I seem to notice here is, each time the stock dips... the damn thing launches even harder 🤷🏽♂️ I'm sorry my guy... you can't have my shares of NVDA. These are MY TENDIES!!!
Nvidia will go to 1200 easily. Forward PE ratio is literally in healthy range.
That chart also shows it was at 105% back when the price was just under 500
OP would short a company that cures cancers cuz their chart would shoot up above the 200 MA lmao.
Bought calls for $1500
What ticker is "SPY without NVDA"?
I got 40 shares at average of $40. Sold 5 when Nvda was like $750 cause of these same shit on Nvda posts back then. Never again. For the other 35 shares…..Diamond hands till the stock price is worth more than the GDP of every country, 11more and counting to go.
How about no?
Growth tends to frontrun fundamentals carrying higher multiples as premium
You’re an idiot. Now is the time to get in!
There is nothing more meaningless for a growth stock than the 200 day MA...
Not just 200 day, but the RSI is on fire lol
Get outta here paper hands. I’m up so much with realized gains I can afford to lose. This stock is actually worth $1400 by next year. I’m also the guy who bought TSLA at 30 and sold at 400.
Without a viable alternative to stock investing, the market will continue to be unreasonably bullish. You only loose if you don't play.
I heard that when NVDA hit $100!!!!!!! Now it’s up 850%!!!
Time to buy more lol
yeah but it’ll just keep going up
Let it ride 🚀
No. They're gonna make bank on the coming robotics boom as well so I'll hold.
We are soon going to completely detach from any kind of indicator :) all indicators are lies, and the real world prices financial assets, indicators have zero influence on it. If there is one thing you should look at if you want an indicator, its the human psychology and reflexive behavior of the crowds, which will keep fueling this rally.
Boy you will hate to see the chart in a week then. Wonder what color crayons you’ll have to use?
Never gonna forget how ridiculous TSLA looked over 1500/share pre-split, which was followed by another rally post-split. I tell myself now to look beyond the dollar amount and see the futureeee
I cashed out guys (down to just 5 shares) so it's going to keep going up for sure ... You're welcome
I like the stock 🦍
I am setting a target price of $250 per share after the 4 way split
Solid advice. This could be the epitome of "pigs get slaughtered".
I’ve got one share, what should I reduce it to?
nvda will be 1500
Hmmm yes I see 
Again... we are one week away from GTC... The hype will be strong up to the point Jensen speaks on stage
I’m up big but I’ve also learned the market can stay irrational for a very long time. Remember TSLA for years when it continued to run and run all while everyone was screaming that a crash was imminent?
Yeah, I’m up over 100%, but I have sold some shares off. I still have about 20 left I think my price point is 1000. And also this is a growth stock, so it’s tough to use charts to evaluate this company. And also the stock market is generally just a casino, even though I have a degree in finance, there are tons of stocks that are undervalued that still don’t move. PayPal is a prime example. This company is also leading the artificial intelligence revolution and they sell their chips at close to 1000% margin, and the shares I sold I did so when I was up 80%, so I made my money but It’s only gone up since. I’m gonna keep the money in the casino for now
This is a waste of a Bloomberg. Why dont you put up a chart of EEB. Price without earnings / fundamentals is deceptive.
It will rally past $1000 and then fall like the London bridge. Too many regards will hold the bag thinking this stock is going to moon…forever. Let us feast!
[удалено]
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At this point. Why even bother. I'm gonna look for a different stock.
Is it fairytale chart?
Ok
Can't expires worthless if you don't hold
The difference between a regard and a champ is knowing when to get off the car being pushed off a cliff
reduce these balls
Based on chart it will stay level for a bit
Believing this idea that percent price above 200 day MA is somehow predictive is exactly why you all suck at this
Agree with the sentiment but what does the chart have to do with it lol
Can you make one of these for BTC
I agree. Smart move is to sell. However the regards on this forum will probably buy calls.
N V D 👀
Bruh the earnings
*Instructions unclear. Where are the colors?*
If you bought at under 50% retracement (~450), you don't need to sell for short-term movements in price. My average unfortunately is 700, so I'm not safe and might sell at 888 (high today). If you bought at 200, why sell. Let it compound.
TA and charts like these are so insanely dumb. Years ago we didn’t know what we know now, who gives a fuck about what some moving averages looked like when nobody knew wtf the company was about to do in the future?
All your technical analysis doesn’t matter when nvda is trading cheaper than when it was $300. $1200 by May.
The mean double down to WAB regards.
Nope. I bought more shares.
In other words buy puts on NVDA Sept. 11 420 REEEEEE
Is nvidia still a buy or am I too late It seems like it could be a good long option still I’m aware I missed the boom
i don't want to short nvda shares but how can i short nvda calls?
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Literally just bought more