sweetandsour wrote: ↑07 Jun 2024, 15:52
I caved and bought a share of NVDA this morning, at 1190. I almost caught it at the dip during premarket, at 1179, but that's another story. Anyway, Monday morning it'll be 10 shares, at 120.8/share. It's been a long time since I messed with NVDA. We shall see what happens, but I'll have my finger on the trigger Monday morning for sure.
Last September, I bought 100 NVDA in my IRA after our discussion with Mr. Piper. And I am grateful to you for bringing NVDA to my attention when you started this thread.
I bought NVDA at $484.
NVDA closed on Friday at $1209. That's 150% gain in 9 months.
NVDA market cap is just shy of $3 trillion.
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NVDA has seen a significant surge over the last three weeks. $925 on May 17 to 1209 on Jun 7.
31%.
I believe this is real value, based on earnings and outlook reported on May 22. I am sticking with NVDA, as the AI boom is just getting started.
However, it is possible that some of this recent growth is mere speculation -- a run-up before the stock split, hoping for more run-up after the stock split. There is a risk of a pull-back shortly after the split, as speculators close their play.
Be patient with NVDA. I believe it is still a solid buy-&-hold stock. It will be interesting to watch what happens before and after the next earnings report in August.