Year to date nvda is adding an average $100 billion in market cap per week. If this trajectory holds, nvda will have a market cap of $7.2 trillion in December. The amount of earnings they need to showcase a 7 trillion dollar market cap will have to be absolutely stunning.....
Nvidia adds record $277 billion in stock market value By Noel Randewich and Medha Singh February 22, 20244:49 PM ESTUpdated 21 min
What if there is a glut of inventory? Margins contract. I'm sure most will say this isn't possible but it is. Semis alone have added 130% in gains the last 14 months. This hasn't happened since 1998-1999. Something will give.
Looks like things are looking overbought to this technician https://finance.yahoo.com/video/ai-hype-real-stocks-overbought-164523985.html
Don't worry, it can't rain forever. This is similar to early 1999 when everything related to the Internet had its day in the rain. CSCO and JNPR were the darlings of the day. But we know what happened in the March of 2000. Just wait and see what happens. The sun will surely come out again.
In 2 hrs and 34 mins nvda added an entire Biogen..... I can't make this up but an entire Biogen added in 2 hrs and 34 mins after the market closed. Stock a dollar and change away from 800!!
Hmmmmm Nothing Goes Up Forever. This Rule Will Tell You When To Sell Nvidia Stock. FacebookTwitterLinkedIn MIKE JUANG 05:44 PM ET 02/22/2024 https://www.investors.com/news/nvidia-stock-climax-run-when-to-sell/