Anybody Buying Yet? Where’s the Bottom?

[Benfromalbuquerque]

Post-election rally is going strong! Reminiscent of pandemic securities when even pink sheet stonks were in the black. But you guys know me, ever the pragmatist. I foresee potential windfall profits to we retail investors followed by a violent end. I’ll retain earnings in boring defensive positions. Because I yoloed on hopium more than once and it never works.

 

[MTGomer]

Idk what to think of NVIDIA. Is it high high high and too late to buy? Or considering where AI is going, is it like buying Apple or Amazon 20 years ago?

 

[jryoung]

Post-election rally is going strong! Reminiscent of pandemic securities when even pink sheet stonks were in the black. But you guys know me, ever the pragmatist. I foresee potential windfall profits to we retail investors followed by a violent end. I’ll retain earnings in boring defensive positions. Because I yoloed on hopium more than once and it never works.
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It's how I feel right now, AI will be revolutionary, but there will be bumps along the way. I was fortunate to put a sizeable chuck of money in the market Q4'22 and well into 2023. The run has been phenomenal, and now I'm really wanting to lock away those gains. I'm figuring there's gonna be volatility with the new admin, will it be full bear market or just a pull back? Who knows.

 

[SAJ-99]

Idk what to think of NVIDIA. Is it high high high and too late to buy? Or considering where AI is going, is it like buying Apple or Amazon 20 years ago?

Amazon doesn't like Nvidia's profit margins. When your customers turn on you, maybe you have pushed your luck a little far?

https://finance.yahoo.com/news/amazon-doubles-down-ai-8-140704458.html

 

[Sytes]

When internet people share stock advise - it upon the person to decide.

That said, NVDA announced a bullish outlook during their earnings call. Good aspect of NVDA - AI is competitive and they are a leading force within - along with AI, they are diversified leading the way in other areas such as the must have video graphics cards for computers to present us our screen to type these fantastic opinions.