Looks like I called this to the day.
Nvidia rising by the value of Lockheed Martin in a day was ridiculous.
Even go-go stock investment fund, Frazis Capital is out.
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That got old quick...
Just kidding, NVDA in someways are taking the least risk by being the supplier to the other big tech firms who are making the big promises on the benefits AI will deliver.
There will always demand for faster chips well unless chip tech gets surpassed which is quite possible in the future.
That's not to say NVDA won't be at the front of the next evolution, but who knows, the risk to them and its a big risk, is its another player from left field.
Hard disagree. NVIDIA is equivalent to a mining services company, boom and bust.
Look at Sun or Intel during the dot com boom to see what happens to the share price.
Or Nvidia's history itself. Michael Frazis says this well.
Quote:
If you’ve been reading these notes you’ll know how bullish we’ve been on semiconductors, with Nvidia our top pick. We set extremely optimistic profit targets across our semiconductor exposure, and these were hit in the recent surge.
I am sure we’ll get another entry point - perhaps quite soon - and will go again. If you applied this approach systematically to Nvidia over the last 25 years, covering the dotcom crash, 2008-2009, COVID, 2022, and multiple 65-90% drawdowns, you earned nearly 3x the return of the stock itself (1500x vs 500x), with substantially lower drawdowns (53% vs 90%).
Australia CPI SHOCKER 4.0% …increase from May and higher than expected
Seems Reverse Bank Australia will have to hike rates in already stumbling into Recession economy.
All over the world employees have a high level of financial stress, particularly low-wage employees.I met a couple from Canada last week and they told me even with two people working buying a house is not that easy. Main reason for the current situation is all types of assets and things we use have rocketed.
VG essentially I believe that history...reading etc is no longer valued.
I understand that there is saying.
Fear those whose TV screens are bigger than their book shelves.
https://www.newshub.co.nz/home/money...antly-anz.html
Writing was on the wall long ago but now many more beginning to SEE it ...time to act for investment for future is NOW not 12 months later ...imho
No company is 100% risk free.
When a company is riding high, get crowded and trading historically high PE ratio I will try to find answers to the following questions.
1. Do they have a sustainable business model?
2. Is the current price reflects its real businee value? Is it overpriced or underpriced!
3.Are there better options in the market? I have.
4.will the history repeat in the tech sector like before? I think so 100%.
5.Will there be competitors?
6.Do they have a long term plan and sustainable growth?
if your invested big in the us markets the trump vrs biden debate on at 1pm nz time today