NVIDIA the next Great Tech Stock

I paid $25 and change and $62 and change. Also call options which I have outstanding with a very nice profit.

 

NVDA just had massive blowout earnings.

 

Well you missed it because the stock did just pullback this month to a low of around $85 and traded around 88-92 for a around a week. I bought march 100 calls when the price was 92, it went down but I still believed in the trade and held my options. They have since rebounded and more than doubled. I expect another nice pop next earnings in February. Last earnings it popped nicely 20 points, gapped up huge and has continued to climb higher. CEO Jen-sun Huang guided for another big qtr. Goldman just raised price target to $129 and made NVDA a "conviction buy".

 

As it should, that is what a share buy back does.

 

So a company can buy back shares and it creates blowout earnings. I didn't know that.
Well here's what they've been up to.....
https://www.thestreet.com/story/138...-gaming-and-artificial-intelligence-boom.html

 

Leadership in 4K TV screens seems promising.

 

Brilliant ! But How did you find out about this company when it was $25? What kind of stocks do you usually buy? Do you mainly buy high growth stocks ??

 

The next great tech stock, not if you know what's beneath the surface.

 

I started accumulating Nvidia in 2008 after seeing that they were the leader in gpu for gaming I bought a laptop with a NVDA chip for gaming. Played some COD Modern Warfare. The company had been making entry into other areas but the stock finally took off as analysts began to recognize the emerging disruptive technologies NVDA was becoming a leader in, VR, Auto, data center etc.
I buy whatever, but many technology stocks over the years. I have been trading since early 80's. Started with an IBM PC JR, 300 baud Radio Shack modem and "DIAL DATA" and the first computer technical analysis program by N-Squared Computing, had an account with Merrill Lynch back in the day. LONG before internet or Prodigy, AOL, Compuserve or discount brokerage.
Buy tech stocks.
I am very long NVDA and will hold for years but will trade Options for the ride up.
It has been a good call and this company is going to be a game changer in disruptive technology like VR, AI, Auto, etc.
I've made a bundle $$$$ 6figs on it so far this year.
GOOD LUCK!

 

IOT, internet of things will be big but Auto, and VR will be even bigger. AI and Data Center too!!!!
BUY and Hold NVDA for the ride.