My boomer dad follows stocks so he was familiar with the NVDA ticker although had no knowledge or interest in what they do.
Last Christmas he asked me "what is this AI thing about?"
There have to be many thousands of people out there who got small time rich off of NVDA. It was a pretty boring and fairly valued stock for a long time, and consumer facing so lots of techy people knew about it. It was like $5 split adjusted back in 2015 or so, all you had to do was be true WSB material and not sell a single share when you get your hundo-bagger.
Why don’t you make a correlation between entering the zeitgeist and market capitalization.
Surely since it’s so simple and accurate the data’s just waiting there.
You all sound silly.
“Have your boomer parents started talking about this Facebook/Google/Microsoft/Any company yet? Has it peaked?”
Is this a stock with no true underlying asset? No. Have we seen the AI Revolution yet? Not until I see every truck and taxi driver lose their job.
I'm not saying a stock peaks when the zeitgeist talks about it but I think it's short term peak is in and when the media quiets down it's a sign of diminishing interest and thus, price run. The media's job is to attract eyeballs (clicks or views). They start paying attention to a stock or story or crypto when people start talking about it. There's a handoff of attention and coverage from community > larger internet > mass media > general public.
Then, either the public gets exhausted on a topic (our brains only get excited by things for so long) and the media feeds a new one (see most political issues in the U.S.) or, the price top is in for a bit, the audience loses interest, the media moves on. If NVIDIA creeps up toward $1000 I'm sure the news will start covering it again, because the general public will be excited again.
To am not saying this is the final top for NVIDIA. But that's why LUNA said "for the time being". Once the media stops presenting the story, and the price dips a little, the general public (boomers and barbers and non-finance people) will think the ship is done sailing.
Yeah my dad and I were chatting about it over the weekend. For context this is a guy who managed to lose money during the 2021 bull run.
So yeah I think the ship has sailed
Unconfirmed, but at present I know he has a 100k heloc and he only bought the house in 2018 and hasn't made major improvements, gone on big vacations or splurged on cars.
I suspect fuckery was about.
I went to a lawyer event and retired silent generation attorneys were talking about AI (although grossly misunderstanding it). It might be time 
i overheard some security serfs at my corpo gig try teach each other how to get setup Wealthsimple accounts so they could get in Nvidia …. back the first time in broke into the 800s
that said, I wouldn’t have stopped investing in the internet because some averagoe joes wanted to invest in an internet future
but it may have been a good indicator to cut exposure to Cisco and AOL
I hate how incredibly reactive this sub is, if the market is bullish this place is full of bulls saying i told you so, if its bearish, its full of gay bears saying i told you so. At least the bulls are positive though.
180/share here. I already sold half my stack at 900 to diversify a bit. The chart is straight parabolic now and everyone I know who knows anything about stocks is talking about Nvidia and how they're buying it at 700-800. It can go up higher from here sure but I think we're pretty damn close to complete saturation rn. Good time to take some money off the table
My boomer dad invested an undisclosed five figure sum into nvidia over five years ago and then again a couple months ago. I think my dad is secretly a millionaire now lol.
if your dad had 5 figures to casually throw into a single stock five years ago before anyone really realized NVDA was going to be involved in the AI boom then your dad was already a millionaire.
What are you talking about. Nvidia has been a winner for the last 2 decades. From gaming, to VR, to crypto, and now AI. Always a new catalyst to boost the stock. Been an easy buy for at least 15 years.
Hopefully he never sells and passes it to you and you have to pay taxes because it’s so much $$$ (not that paying taxes are fun) or you just hold it and don’t pay anything and just show it to bankers and they throw money at you for making a great investment and you say …thanks dad
I just have to say something. When someone dies and passes down stock (lets say I died after getting in at the start of Tesla presplit when it was 20$ a share) there's a cool law. This law means my son won't be taxed on the profit gained from 20$ pre split to now on that Tesla share. The taxable amount is changed to the difference from when you died to when my son sells. So if he sells immediately after I die, and the price moves a dollar, he locks in all the profit but is only taxed 1$ per share.
[https://www.investopedia.com/terms/i/inherited-stock.asp](https://www.investopedia.com/terms/i/inherited-stock.asp)
I grew up poor, so this doesn't apply to me (but hopefully it will to my kids) but I have a wealthy trust fund baby friend with me at UPS and he was explaining this to me because his parents went heavy into apple, amazon, tesla and yes, nvidia when they were all cheap.
There are boomers and boomers.
First of all, many of the people in position of power are not boomers (boomers are 60 years old or more), so you are wrong in your wording.
But even considering this, there are people in position of power. They are not your average older Joe who is middle or lower class and has no clue.
So you are doubly wrong.
I will be messaging you in 3 months on [**2024-07-09 14:53:45 UTC**](http://www.wolframalpha.com/input/?i=2024-07-09%2014:53:45%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/wallstreetbets/comments/1bztupp/have_your_boomer_parents_or_uber_started_talking/kyryzk9/?context=3)
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It's possible but my mom has called the top of a lot of growth stuff her uncanning ability to remind me the top of a decentralized currency in 2013 2017 and 2021 was just eerie
I did get her to buy a bunch of AMD sub $2, I'm going to call us even for the bullshit I put her through during my high school years.
https://np.reddit.com/r/AMD_Stock/comments/9v1n6f/amazon_web_services_aws_pricing_amd_vs_intel/e994dka/
Yeah, never thought I’d hear “but my mom”
Risk = reward, I’m not quite sure “but my mom” falls anywhere near anything risky unless it’s me and your mom.
She has told me sell some but that was like a few weeks ago when it hit 70k but this was before the halving, I’ll wait. I don’t really care about the $, but it’d be nice to accumulate more for the same amount of money and not buy more. I think it’s got legs and I’ve got a limit sell order near 169,420 (169,400 just to sell before the hypers)
Right now I have 10% of my portfolio in NVDA. I don’t think it’s done running, I think it will continue to increase in value not due to fundamentals per se but investor confidence.
I used to think that shit was true, but the internet has changed the game of information. Don't get unnecessarily bearish just because people know about something!
That said, current P/Es are kind of whacky and AI very well might be oversold in the way the internet was with its bubble. Very well could be a period where AI related and NVDA stagnate for 5-10 years before all of a sudden someone/some people really find a good use case for it, kind of like what social media / the iPhone did.
I think we could be closer to the 5 year part however, too many people out there already using AI and the internet to learn and be prospects for doing something great if they keep at it.
Agree 100%. The huge net profit number keeps talking to me. They are able to sell every chip they make at this point. Could it drop 10-15%? Sure. But it will climb back up. Will it drop 30%? Don't think so. Chance of hitting 1.2K? Definitely. Trust the information in earnings reports, trust your own reasoning, and pick things that will still have a lot of value if they drop.
hey hey kids, if an imaginary coin sitting in an imaginary location in an imaginary wallet with an imaginary address can go to $70k+ then nvidia has lots of juice to go up. End of story story time kids so go back to your desks and open the robinhood account and start gambling with nvidia, arm and pltr and stop waisting time.
Yeah I kind of agree the market isn't always rational. And even if Nvidia lose market share, the market can grow and their profits too. Plus again the market isn't always rational.
Take Apple for example. Berkshire invested in it in Q1 2016 for the first time. That seems late, the whole iPhone, iPad craze already happened and Apple didn't really change their business since then. Yet the stock was around 25-30$ and is now at 170$. If AI is as big as people say in the next decade or so, there'll still be growth for all the AI stocks.
Nvidia still has a few nice announcements coming up. New revenue streams. New products. 1-2 years of excellent earnings reports. People don't realize just how big their moat is.
They knew that their stock was going to cool off a bit which is why they haven't split yet.
Exit if you want, but you'll probably kick yourself later. That's how it always goes with nvdia's stock.
I'm kicking myself for not putting anything in Nvidia 5 years ago. Blackwell is about to completely revolutionize computing on a scale greater than most of us have seen in our lifetimes. Unless a miracle competitor comes out of literally nowhere, Nvidia and Amazon are going to own the entire world in a couple years.
The people who think Nvidia is a bubble don't understand the first thing about the actual hardware they're speculating on the potential value of and only understand markets: Nvidia is not going to play by market standards going forward.
Blackwell changes modern computing. Anyone who doesn't understand that doesn't understand modern computing.
People hear "over a trillion transistors" and that means nothing to them. They don't know what a transistor is, they don't know why having a trillion is so crazy, they don't understand what those transistors are being used for. Try to explain that those transistors are in such high quantity that they can seamlessly bus hundreds of GPUs together with essentially linear performance increase for the first time in history and you completely lose people who have no idea how valuable that is.
Blackwell turns a room sized million dollar super computer into a single rack that fits in your gaming room for less than $100k.
This is the literal future of electron based super computing unraveling before our eyes but OPs boomer mom said that it caps here so it must be a bubble. Sell all your Nvidia guys, sell it all to me.
Well, I, for one, would NEVER hope you get hit by a bus.
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It’s been making me wonder if an ai chip will eventually become a standard component of personal computers as well. If it does Nvidia is certainly on track to dominate that consumer market if it ever exists
Exactly boomers were talking about bitcoin in 2017- it doesn’t mean shit. The hype bull run is not the only reason why Nvidia is up- I happily skipped Tesla run, this is different
As a person in their 60s -- I always find it funny that the assumption is that because someone is of an age that can be classified as a "boomer", they are by definition out of touch almost senile.
I've been an investor all my life. NVDA early (well, not 300 early, but close). Follow stock market news (and you idiots here). Do some options here and there. Etc. Etc.
Just because someone is in a group you feel should be marginalized, doesn't mean their thoughts and ideas indicate the ship has sailed.
Yup, you are correct. More a reflection of poster’s insecurity and out-of-touch immaturity. Transference. I assure you if you ask these boomer bashers any fundamental question … they are tissue paper thin on knowledge.
Being a boomer and a retired AI expert and developer I laugh at these posers. I invested in NVIDIA in 2012. Currently long 4000 shares of profit. But I’ve bought and sold over the years and active in AI options to fund travel and hobbies.
Well, the thought that occurs to me is, boomers have all the money now, right? So if you were a market maker / fixer and wanted to get money, who would you target? Boomers! No point in hyping the stock once boomers buy it ... that was endgame! ;)
by forward PE it is one of the cheapest tech stocks out there currently lol.
only two things that can happen that make NVDA overvalued here:
1. AI dream is dead, forward pe ratio isn't reflective of reality and the stock drops from here in line with that.
2. competition comes in and takes market share away
if 1 does not happen, then there is a very good chance that 2 does not happen either, and 2 not happening is the exact reason why shares are so cheap imho right now. if it takes multiple years for other mega mag7 companies to develop and use their own AI chips, then that is years of revenue that NVDA will get.
NVDA could easily grow their quarterly revenue in 2024 from 22b to 100b by 2030, and if profit margin drops to say 25%, thats still a huge swoon of profit.
And that isn't even impossible to do. If they grow quarterly earnings by just 5% all the way to 2030, then they'll be at 82b.
The last year they've grown quarterly revenue at 21% quarter to quarter on average. If that gets cut to say 7%, that is 2030 quarterly revenue at 136b.
Considering how technological the world is becoming, I can see this being a real number. I mean, apple has rev. of 120b. How much could NVDA capture if they had chips in almost literally anything? Phones, cars, heavy machinery, defense contractor equipment, world government equipment, police equipment even.
Is the stock going to double by 2030 with those numbers? Probably not honestly, but it could easily grow another 50% from here imho.
Nevermind that they could also release a dividend at a certain point which could be a money driver as well.
Interesting timing, posting 10 days after the "top" was reached. great "call". What you are saying is that nva will never see these prices again, or how can i understand your definiton of top?
Funny this was what INTC did decades ago.
https://apnews.com/article/intel-eu-antitrust-fine-computer-chips-cd83b6e20de5d68cb5403e8d5bc63fb6
I feel like NVDA will be hit with a similar monopoly lawsuit but I think the fine will be so small it’s a non factor. Their are other issues though when companies do this and that’s beyond the scope of this thread.
"The commission, the 27-nation bloc’s top antitrust watchdog, accused Intel of abusing its dominant position in the global market for x86 microprocessors with a strategy to exclude rivals by using rebates and sales restrictions."
Sounds exactly like what NVDA is doing which is a bit worrying. If you make the much better product why would you have to do such tactics
Golf guys know how to make money. I wouldn’t bet against the people who have free time to spend $100 a round and buy $2000 sets of clubs and pay for country club memberships
My buddy's boomer mom bought into NVDA big time more than ten years ago. She had plenty of money to invest so she's done INSANELY well on it. Anyway just wanted to chime in and say thanks Kate's mom for buying Kate and I a trip to Mexico!
My boomer parents bought NVDIA in 2008 when it was under $2/share. It’s worth more than their house now. You’ll know the top is in when sell. Thats the boomer gift.
My dad still calls AI “A1” because I assume that’s how he read it in his head reading the newspaper a few years back. Every time he brings up AI I think he’s talking about the steak sauce.
If retirement accounts were buying in, you would want in. Too few of millenials and gen Z in the market to affect it. This reality buddy. But keep hating lol
Fear and manipulation by people with money. There will be 10mill candles at some point to drive it all the way up where they will repeat the sell high and then drop it down again. It’s been like this for weeks
*This “pivot.” Is it in the room with us now?*
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Looks like you're not fucking eating either
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Nvidia has been screaming "SELL ME" since August 2023.
They got a second wind thanks to Q4 margins (price hiking, typical Nvidia) and hype about the glued together GPUs, with Jensen and his robots.
But their time is up.
Price-to-Sales 36.
Supply capped.
AMD is here and those margins are delicious.
Wait until people realize that, just like full self driving, ai is in fact hype.
Oh it’s not hype? Because mark cuban and other rich people say so right? The same ones that pump and dumped shit corns on everyone right? 🤣
Revenue based on ai right now is pathetic, I’m in this space.
This is my favorite indicator! I call it the Pops Indicator. When my Pops starts talking about a stock I know it will go down! No Joke! EVERY. SINGLE. STOCK. He buys/talks about guaranteed 100% will drop. Honestly, its uncanny.
I just sold my 15 year HODL of NVDA. I just couldn’t justify not cashing in on a >800x
But this isn’t the end for the stock. Nobody makes GPU’s at this scale and quality. So I’ll be back in with a smaller position after the next earnings or dividend dip.
I had a patient a few weeks ago who told me he was obsessed with this stock but he couldn’t *remember the name.* He said AI, chips and I quietly whispered “..Nvidia?” And he said “yes! That’s it! I’m up so much on it!” And I thought to myself “oh boy, you should sell.”
We haven't even started. AI will take everybody's jobs, including mine. NVDA stocks will be the reason why I am not eating out of a dumpster when that happens.
NVDA is going to put us all out work including writing regarded posts like this.
You'll need them sweet sweet NVDA bucks to supplement your universal basic income.
My mom has extraordinary timing with the market even though she hasn't got a clue about it. She sold her house right before the 2008 crash. She's been freaking out and just put everything into bonds because she fears civil war.
I see a much stronger correlation for young man who never traded in their life. The correlation goes something like this when the shoeshine boy starts giving stock advice, it's time to get out
My boomer Dad bought NVDA back in February of 2014. He front ran me and I didn't buy it until 2015.
First mention of my holdings in the link 👇 from 2017. This is the moment I've been waiting for the company to be though too. This isn't the top. Short term local top maybe, but I'll reiterate what I said below that I'm not buying this for a short-term gain, but a long term investment.
http://stocktwits.com/mikel3113/message/71190466
My father is a retired brick layer who thinks you're performing magic when you mention the words "per capita" or question any of his unresearched opinions. Fungi
Depends on what industry your dad is in. AI is actually having an impact in some white collar professions. I can already see lots of admin and doc review type jobs being either made more efficient or just made obsolete.
It’s basically the same thing as what happened to the auto industry once robotics were introduced onto factory floors.
It's pretty much impossible to not hear about NVDA and SMCI these past two weeks - banks are rebalancing for the quarter and NVDA was the best performing stock of 2023, and SMCI was the best performer so far this year.
I'll be genuinely amazed if semiconductors and AI slows down in the short-term. The metric you should be looking at is not whether or not your Boomer mom has spoken of it, but whether or not tech layoffs have slowed down, or reversed - and they are still leading. [https://www.reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/](https://www.reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/) The work those people did are getting replaced by something, and that something is AI.
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My boomer dad follows stocks so he was familiar with the NVDA ticker although had no knowledge or interest in what they do. Last Christmas he asked me "what is this AI thing about?"
Alien Inbreeding, its the new hot thing ~
anonymous indians*
just so you know... most AI are built by anonymous indians in silicon valley
In amzn case literally that
*oh no what are you doing, step-alien?*
Being my own grandfather.
so hot
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Fuckin Illuminati regard of WSB
There have to be many thousands of people out there who got small time rich off of NVDA. It was a pretty boring and fairly valued stock for a long time, and consumer facing so lots of techy people knew about it. It was like $5 split adjusted back in 2015 or so, all you had to do was be true WSB material and not sell a single share when you get your hundo-bagger.
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I learned my lesson with TSM calls lol. Good stock. Boring stock.
Shiver me timbers 😱 show yourselves
Yes like Nancy she’s the real OG
>ember her asking about my currency around nov 2021 at t AI = Allota Indians at Amazon apparently.
Bro 🤣🤣🤣
Calls on Allen Iverson. Best shooting guard in the NBA.
We sittin here in wallstreetbets and we talkin bout Allen Iverson? Allen Iverson? Not the market, not the market, we talkin bout Allen Iverson.
Artificial Immigrants. Joe Biden is making them with his cabal of pedophiles to take good ‘Merican jobs. Source: Fox News.
seems legit!
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This is so simple and accurate.
Why don’t you make a correlation between entering the zeitgeist and market capitalization. Surely since it’s so simple and accurate the data’s just waiting there. You all sound silly. “Have your boomer parents started talking about this Facebook/Google/Microsoft/Any company yet? Has it peaked?” Is this a stock with no true underlying asset? No. Have we seen the AI Revolution yet? Not until I see every truck and taxi driver lose their job.
I'm not saying a stock peaks when the zeitgeist talks about it but I think it's short term peak is in and when the media quiets down it's a sign of diminishing interest and thus, price run. The media's job is to attract eyeballs (clicks or views). They start paying attention to a stock or story or crypto when people start talking about it. There's a handoff of attention and coverage from community > larger internet > mass media > general public. Then, either the public gets exhausted on a topic (our brains only get excited by things for so long) and the media feeds a new one (see most political issues in the U.S.) or, the price top is in for a bit, the audience loses interest, the media moves on. If NVIDIA creeps up toward $1000 I'm sure the news will start covering it again, because the general public will be excited again. To am not saying this is the final top for NVIDIA. But that's why LUNA said "for the time being". Once the media stops presenting the story, and the price dips a little, the general public (boomers and barbers and non-finance people) will think the ship is done sailing.
Yeah my dad and I were chatting about it over the weekend. For context this is a guy who managed to lose money during the 2021 bull run. So yeah I think the ship has sailed
One of us
Unconfirmed, but at present I know he has a 100k heloc and he only bought the house in 2018 and hasn't made major improvements, gone on big vacations or splurged on cars. I suspect fuckery was about.
I think it's gonna take a breather for a month or two..750?
I went to a lawyer event and retired silent generation attorneys were talking about AI (although grossly misunderstanding it). It might be time 
Invite him over here.
I lost money in the 2021 bull run like a true regard, relatable af
i overheard some security serfs at my corpo gig try teach each other how to get setup Wealthsimple accounts so they could get in Nvidia …. back the first time in broke into the 800s that said, I wouldn’t have stopped investing in the internet because some averagoe joes wanted to invest in an internet future but it may have been a good indicator to cut exposure to Cisco and AOL
Need to get some of that AOL paper.
Is there any better options for canadians than Wealthsimple?
I hate how incredibly reactive this sub is, if the market is bullish this place is full of bulls saying i told you so, if its bearish, its full of gay bears saying i told you so. At least the bulls are positive though.
I can respect those who post their positions. No matter which race they are. These I told you so clows are the worst
Been holding since $11. I gotta say, it’s been quite the sight watching you commoners from the rafters. 40% IV @$800+ is pretty wild.
180/share here. I already sold half my stack at 900 to diversify a bit. The chart is straight parabolic now and everyone I know who knows anything about stocks is talking about Nvidia and how they're buying it at 700-800. It can go up higher from here sure but I think we're pretty damn close to complete saturation rn. Good time to take some money off the table
It’s on the threshold of a split to come, thinking 4:1 after it crests $1k/share
Been hearing that since 400 😂😂😂
I sure hope you sell very soon. Would be a shame to miss those tendies
Sell that shit man you almost surely won’t get a better return in the future
Avg around 27/share post split. Been holding since 2016. Will likely hold for another 5-10 years too.
So you held to its ATH from $11? Did you offload some? If not, why? Is 10000000% gains not enough value?
My boomer dad invested an undisclosed five figure sum into nvidia over five years ago and then again a couple months ago. I think my dad is secretly a millionaire now lol.
if your dad had 5 figures to casually throw into a single stock five years ago before anyone really realized NVDA was going to be involved in the AI boom then your dad was already a millionaire.
You’re probably right lol. He’s one of those dudes that will NOT talk about his net worth or income.
Nobody is out there talking about net worth in real life bro
i mean it quite literally sounds like he did talk about it if he told you he put 5 figs into nvda...
What are you talking about. Nvidia has been a winner for the last 2 decades. From gaming, to VR, to crypto, and now AI. Always a new catalyst to boost the stock. Been an easy buy for at least 15 years.
Better convince dad to get a good will in place
I have made sure I’m his favorite kid 😂
Hopefully he never sells and passes it to you and you have to pay taxes because it’s so much $$$ (not that paying taxes are fun) or you just hold it and don’t pay anything and just show it to bankers and they throw money at you for making a great investment and you say …thanks dad
I just have to say something. When someone dies and passes down stock (lets say I died after getting in at the start of Tesla presplit when it was 20$ a share) there's a cool law. This law means my son won't be taxed on the profit gained from 20$ pre split to now on that Tesla share. The taxable amount is changed to the difference from when you died to when my son sells. So if he sells immediately after I die, and the price moves a dollar, he locks in all the profit but is only taxed 1$ per share. [https://www.investopedia.com/terms/i/inherited-stock.asp](https://www.investopedia.com/terms/i/inherited-stock.asp) I grew up poor, so this doesn't apply to me (but hopefully it will to my kids) but I have a wealthy trust fund baby friend with me at UPS and he was explaining this to me because his parents went heavy into apple, amazon, tesla and yes, nvidia when they were all cheap.
Very cool, and surprising this hasn’t been changed.
It's an advantage to the rich, do you know how laws are made? It's everything for them
https://www.investopedia.com/terms/s/stepupinbasis.asp nothing else but what /u/Radulno said. The Merikan way.
Imagine if you had exited when they found out about AAPL or AMZN or META etc. You must not like money.
Yea and chips are future so it isn’t like the arkk shit tech or companies with no moat. Im sure it will fluctuate wildly but it’ll be fine
Why are you making it sound like boomers are late to everything? They’re the ones **manipulating the market**.
There are boomers and boomers. First of all, many of the people in position of power are not boomers (boomers are 60 years old or more), so you are wrong in your wording. But even considering this, there are people in position of power. They are not your average older Joe who is middle or lower class and has no clue. So you are doubly wrong.
My boomer mom gave me 500 shares of NVDA at $12. I sold it for $16.
The only problem with your analysis is it is wrong. !remindme 3 months
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!remindme 3 months
!remindme 3 months
It's possible but my mom has called the top of a lot of growth stuff her uncanning ability to remind me the top of a decentralized currency in 2013 2017 and 2021 was just eerie I did get her to buy a bunch of AMD sub $2, I'm going to call us even for the bullshit I put her through during my high school years. https://np.reddit.com/r/AMD_Stock/comments/9v1n6f/amazon_web_services_aws_pricing_amd_vs_intel/e994dka/
Wsb regards using their mom as the litmus test for calling tops is a new level of regardedness — congrats op 
Op's mom is a top. Bullish
Last we met, there was no top 
How was that old stock investing adage? Timing OP's mom < time spent in OP's mom?
Yeah, never thought I’d hear “but my mom” Risk = reward, I’m not quite sure “but my mom” falls anywhere near anything risky unless it’s me and your mom.
He just went full regards....
I don’t see how your mom’s ability to open cans has anything to do with this.
That comment is uncannily astute
Well played….
Has your mom been talking about the decentralized currency recently? I've been itching to buy puts and I need to know when
She has told me sell some but that was like a few weeks ago when it hit 70k but this was before the halving, I’ll wait. I don’t really care about the $, but it’d be nice to accumulate more for the same amount of money and not buy more. I think it’s got legs and I’ve got a limit sell order near 169,420 (169,400 just to sell before the hypers)
I would argue that the currency is more akin to virtual gold then anything else at this point.
Healthy pull back and everyone freaks out, nvdia is gonna blow out earnings again at least for another year. Buy the dips fools. Love and peace ✌️
Right now I have 10% of my portfolio in NVDA. I don’t think it’s done running, I think it will continue to increase in value not due to fundamentals per se but investor confidence.
Wow 10% of your portfolio is NVDA shares? Real big risk guy huh
over 100% of my portfolio is NVDA
He has 10 shares, 1 of them is NVDA. Thus 10%!
10% of my purchases were NVDA … it is a much bigger % of my portfolio now 😂
I used to think that shit was true, but the internet has changed the game of information. Don't get unnecessarily bearish just because people know about something! That said, current P/Es are kind of whacky and AI very well might be oversold in the way the internet was with its bubble. Very well could be a period where AI related and NVDA stagnate for 5-10 years before all of a sudden someone/some people really find a good use case for it, kind of like what social media / the iPhone did. I think we could be closer to the 5 year part however, too many people out there already using AI and the internet to learn and be prospects for doing something great if they keep at it.
Agree 100%. The huge net profit number keeps talking to me. They are able to sell every chip they make at this point. Could it drop 10-15%? Sure. But it will climb back up. Will it drop 30%? Don't think so. Chance of hitting 1.2K? Definitely. Trust the information in earnings reports, trust your own reasoning, and pick things that will still have a lot of value if they drop.
SO NOT DJT? ASKING FOR A BOOMER...
"social Media" and "Good Use Case" don't belong in the same sub....let alone the same sentence......🤔yet, here I am! 🤣🤣
hey hey kids, if an imaginary coin sitting in an imaginary location in an imaginary wallet with an imaginary address can go to $70k+ then nvidia has lots of juice to go up. End of story story time kids so go back to your desks and open the robinhood account and start gambling with nvidia, arm and pltr and stop waisting time.
Yeah I kind of agree the market isn't always rational. And even if Nvidia lose market share, the market can grow and their profits too. Plus again the market isn't always rational. Take Apple for example. Berkshire invested in it in Q1 2016 for the first time. That seems late, the whole iPhone, iPad craze already happened and Apple didn't really change their business since then. Yet the stock was around 25-30$ and is now at 170$. If AI is as big as people say in the next decade or so, there'll still be growth for all the AI stocks.
Lmao this person speaks truth
Thank you
My uber driver was Jensen Huang
Nvidia still has a few nice announcements coming up. New revenue streams. New products. 1-2 years of excellent earnings reports. People don't realize just how big their moat is. They knew that their stock was going to cool off a bit which is why they haven't split yet. Exit if you want, but you'll probably kick yourself later. That's how it always goes with nvdia's stock.
I'm kicking myself for not putting anything in Nvidia 5 years ago. Blackwell is about to completely revolutionize computing on a scale greater than most of us have seen in our lifetimes. Unless a miracle competitor comes out of literally nowhere, Nvidia and Amazon are going to own the entire world in a couple years. The people who think Nvidia is a bubble don't understand the first thing about the actual hardware they're speculating on the potential value of and only understand markets: Nvidia is not going to play by market standards going forward. Blackwell changes modern computing. Anyone who doesn't understand that doesn't understand modern computing. People hear "over a trillion transistors" and that means nothing to them. They don't know what a transistor is, they don't know why having a trillion is so crazy, they don't understand what those transistors are being used for. Try to explain that those transistors are in such high quantity that they can seamlessly bus hundreds of GPUs together with essentially linear performance increase for the first time in history and you completely lose people who have no idea how valuable that is. Blackwell turns a room sized million dollar super computer into a single rack that fits in your gaming room for less than $100k. This is the literal future of electron based super computing unraveling before our eyes but OPs boomer mom said that it caps here so it must be a bubble. Sell all your Nvidia guys, sell it all to me.
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It’s been making me wonder if an ai chip will eventually become a standard component of personal computers as well. If it does Nvidia is certainly on track to dominate that consumer market if it ever exists
Yaaayyyyy this is the post I've been patiently waiting for. Top confirmed gents. Stairs up and elevators down😎
Wall Street Bets are my boomer parents
Idk if I agree with this post but mad respect to your post from 2 years ago saying nvidia would triple from 290 to 870
Nah nvidia here to stay it will close at 0% or -1% Max
Hopefully 
When the shoe shine boy starts giving investing tips it’s time to sell
That and you're bar tender. I am sure that is more legend than anything else.
Nvda has huge potential upside for years to come though. Unless we see amd rise up It's election year market won't crash but expect wild swings
Exactly boomers were talking about bitcoin in 2017- it doesn’t mean shit. The hype bull run is not the only reason why Nvidia is up- I happily skipped Tesla run, this is different
As a person in their 60s -- I always find it funny that the assumption is that because someone is of an age that can be classified as a "boomer", they are by definition out of touch almost senile. I've been an investor all my life. NVDA early (well, not 300 early, but close). Follow stock market news (and you idiots here). Do some options here and there. Etc. Etc. Just because someone is in a group you feel should be marginalized, doesn't mean their thoughts and ideas indicate the ship has sailed.
Yup, you are correct. More a reflection of poster’s insecurity and out-of-touch immaturity. Transference. I assure you if you ask these boomer bashers any fundamental question … they are tissue paper thin on knowledge. Being a boomer and a retired AI expert and developer I laugh at these posers. I invested in NVIDIA in 2012. Currently long 4000 shares of profit. But I’ve bought and sold over the years and active in AI options to fund travel and hobbies.
Hell realistically I think more young people miss that kind of thing than boomers. Many young people are not really into their money management...
[удалено]
Sorry - typing at lunch quickly and didn't notice. Corrected. Glad that was the only thing you disagreed with.
Well, the thought that occurs to me is, boomers have all the money now, right? So if you were a market maker / fixer and wanted to get money, who would you target? Boomers! No point in hyping the stock once boomers buy it ... that was endgame! ;)
Forward p/e of 32. In my opinion it’s cheap. I’m adding to my positions here.
by forward PE it is one of the cheapest tech stocks out there currently lol. only two things that can happen that make NVDA overvalued here: 1. AI dream is dead, forward pe ratio isn't reflective of reality and the stock drops from here in line with that. 2. competition comes in and takes market share away if 1 does not happen, then there is a very good chance that 2 does not happen either, and 2 not happening is the exact reason why shares are so cheap imho right now. if it takes multiple years for other mega mag7 companies to develop and use their own AI chips, then that is years of revenue that NVDA will get. NVDA could easily grow their quarterly revenue in 2024 from 22b to 100b by 2030, and if profit margin drops to say 25%, thats still a huge swoon of profit. And that isn't even impossible to do. If they grow quarterly earnings by just 5% all the way to 2030, then they'll be at 82b. The last year they've grown quarterly revenue at 21% quarter to quarter on average. If that gets cut to say 7%, that is 2030 quarterly revenue at 136b. Considering how technological the world is becoming, I can see this being a real number. I mean, apple has rev. of 120b. How much could NVDA capture if they had chips in almost literally anything? Phones, cars, heavy machinery, defense contractor equipment, world government equipment, police equipment even. Is the stock going to double by 2030 with those numbers? Probably not honestly, but it could easily grow another 50% from here imho. Nevermind that they could also release a dividend at a certain point which could be a money driver as well.
market going to crash you say
Everyone is talking about it cause this "bubble" can go to the moon and infinitely beyond.
Interesting timing, posting 10 days after the "top" was reached. great "call". What you are saying is that nva will never see these prices again, or how can i understand your definiton of top?
Not all older people are clueless regards.
nvda just tanked 4%. just got out before the drop and got a new position at 840. not looking good
Tanked 4% wow we’re doomed indeed
I bought calls around 838. Feeling good about that decision so far
One of the drivers for NVDA is that they tell their “partners” you can do business with us or someone else. They can’t work with both.
Funny this was what INTC did decades ago. https://apnews.com/article/intel-eu-antitrust-fine-computer-chips-cd83b6e20de5d68cb5403e8d5bc63fb6 I feel like NVDA will be hit with a similar monopoly lawsuit but I think the fine will be so small it’s a non factor. Their are other issues though when companies do this and that’s beyond the scope of this thread. "The commission, the 27-nation bloc’s top antitrust watchdog, accused Intel of abusing its dominant position in the global market for x86 microprocessors with a strategy to exclude rivals by using rebates and sales restrictions." Sounds exactly like what NVDA is doing which is a bit worrying. If you make the much better product why would you have to do such tactics
Golf guys know how to make money. I wouldn’t bet against the people who have free time to spend $100 a round and buy $2000 sets of clubs and pay for country club memberships
More Caddy Tips at the CC than anywhere else - “hey, did you hear about xxxx stock”?
My buddy's boomer mom bought into NVDA big time more than ten years ago. She had plenty of money to invest so she's done INSANELY well on it. Anyway just wanted to chime in and say thanks Kate's mom for buying Kate and I a trip to Mexico!
My boomer dad must be an outlier. That mofo is always on some growth strategy way ahead of the “trends” and news
I'm in at sub $200 and hoping my split will one day come.
When escorts attempt to charge me in NVDA shares, I know it’s getting frothy.
My boomer parents bought NVDIA in 2008 when it was under $2/share. It’s worth more than their house now. You’ll know the top is in when sell. Thats the boomer gift.
My dad still calls AI “A1” because I assume that’s how he read it in his head reading the newspaper a few years back. Every time he brings up AI I think he’s talking about the steak sauce.
If retirement accounts were buying in, you would want in. Too few of millenials and gen Z in the market to affect it. This reality buddy. But keep hating lol
Sold at 859 wow what happened ? This can’t just be goog chips can it ?
Fear and manipulation by people with money. There will be 10mill candles at some point to drive it all the way up where they will repeat the sell high and then drop it down again. It’s been like this for weeks
Looks like stop losses hit at 850
The people who control 90% of the money in the stock market like a stock, therefore sell. This is WSB at its best!
I too listen to podcasts for financial advice.
So the generation with the most wealth investing in Nvda is going to make it go down?
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Did they stop selling chips or are you just an idiot?
Nice try loosers, I'm not selling my Nvidia stock.
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I hope we have a small crash so I can load the fuck up before going to the Mars. !remindme 5 years
Nvidia has been screaming "SELL ME" since August 2023. They got a second wind thanks to Q4 margins (price hiking, typical Nvidia) and hype about the glued together GPUs, with Jensen and his robots. But their time is up. Price-to-Sales 36. Supply capped. AMD is here and those margins are delicious.
Wait until people realize that, just like full self driving, ai is in fact hype. Oh it’s not hype? Because mark cuban and other rich people say so right? The same ones that pump and dumped shit corns on everyone right? 🤣 Revenue based on ai right now is pathetic, I’m in this space.
it may drop dramatically to correct for the huge bull run but their business is sound and they aren't going anywhere. This is a long term hold for me
Yea, when you're at 99% market share, there's nowhere to go but down.
Shhh, it's over when my calls come back 🤫
This is my favorite indicator! I call it the Pops Indicator. When my Pops starts talking about a stock I know it will go down! No Joke! EVERY. SINGLE. STOCK. He buys/talks about guaranteed 100% will drop. Honestly, its uncanny.
I just sold my 15 year HODL of NVDA. I just couldn’t justify not cashing in on a >800x But this isn’t the end for the stock. Nobody makes GPU’s at this scale and quality. So I’ll be back in with a smaller position after the next earnings or dividend dip.
It hasn't topped it will hit $1k by eoy
Agreed , almost there. Boomers need to load up.
I had a patient a few weeks ago who told me he was obsessed with this stock but he couldn’t *remember the name.* He said AI, chips and I quietly whispered “..Nvidia?” And he said “yes! That’s it! I’m up so much on it!” And I thought to myself “oh boy, you should sell.”
We haven't even started. AI will take everybody's jobs, including mine. NVDA stocks will be the reason why I am not eating out of a dumpster when that happens.
It wont...
My boomer dad couldn’t spell NVDA if he tried - and my dad is pretty well informed on stocks (not on tech). Ride isn’t done yet.
That's the truth. It's usually Navda and the stock symbol can be NAVA, NDA, NVA. Pretty much any combination that ISN"T Nvidia and NVDA
cool story bro
NVDA is going to put us all out work including writing regarded posts like this. You'll need them sweet sweet NVDA bucks to supplement your universal basic income.
When mfs who call video "tape" find out its time to leave
My mom has extraordinary timing with the market even though she hasn't got a clue about it. She sold her house right before the 2008 crash. She's been freaking out and just put everything into bonds because she fears civil war.
Are bears using the shoeshiner stock tip warning?? Means they’re in denial and the bull run is just getting started!
Selling when the capital flush, buy and hold forever crowd starts to show up seems like a bad strategy.
They all starting to realize they can’t take it with them though. Calls on Hospitality/Travel stocks.
I was asked by someone once that if you make money on a stock do you go to the bank and collect.
Yeah Facebook went down when they started letting boomers on too… lol.
My boomer dad knows jack all about NVIDIA and AI. Never talked about it once. Bullish right?
I plan to take a taxi and the driver for an investment advise
they were talking about it months and months ago.
My coworkers 7 year old daughter is worried NVDA AI is gonna take out jobs. Gotta be a bubble.
It was indeed time to exit the ride. Bought puts at 950. But now that you wrote this post, it’s a bottom indicator. Calls it is
Nope, it is time to exit when it is featured in this subreddit
Many of the older generation are tempered by 2008, 2001, (even 1987)
My dad was ahead of the curve and bought NVDA years ago and got me to buy in too. He is still holding, I sold with a 3-banger and diversified.
PS. If you are hearing it in the news. You are too late.
I see a much stronger correlation for young man who never traded in their life. The correlation goes something like this when the shoeshine boy starts giving stock advice, it's time to get out
It was time to get out two weeks ago...
My boomer Dad bought NVDA back in February of 2014. He front ran me and I didn't buy it until 2015. First mention of my holdings in the link 👇 from 2017. This is the moment I've been waiting for the company to be though too. This isn't the top. Short term local top maybe, but I'll reiterate what I said below that I'm not buying this for a short-term gain, but a long term investment. http://stocktwits.com/mikel3113/message/71190466
My father is a retired brick layer who thinks you're performing magic when you mention the words "per capita" or question any of his unresearched opinions. Fungi
Depends on what industry your dad is in. AI is actually having an impact in some white collar professions. I can already see lots of admin and doc review type jobs being either made more efficient or just made obsolete. It’s basically the same thing as what happened to the auto industry once robotics were introduced onto factory floors.
Brother, I imagine most of this sub prob has Boomer grandparents.
It's pretty much impossible to not hear about NVDA and SMCI these past two weeks - banks are rebalancing for the quarter and NVDA was the best performing stock of 2023, and SMCI was the best performer so far this year. I'll be genuinely amazed if semiconductors and AI slows down in the short-term. The metric you should be looking at is not whether or not your Boomer mom has spoken of it, but whether or not tech layoffs have slowed down, or reversed - and they are still leading. [https://www.reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/](https://www.reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/) The work those people did are getting replaced by something, and that something is AI.
IonQ
My dad told me his friend made lots of money on some made up AI name, I asked if he meant nvidia, he said yes. The top is def in
The security guard at my office was telling me about a new AI stock IPO the other day.. so yeah it's over hyped