Nvidia stock is very misunderstood. Many have been shorting at 180’s and buying at 170’s. It’s been doing this since July 28th. Consolidating for nearly two months.
Nvidia’s key points
1. They’re not lying about demand. I haven’t heard anyone comment about China not being relevant to their success…the reason Nvidia isn’t concerned is simply because demand surpasses supply even without China.
2. Nvidia has been talking with intel behind the scenes for about a year confirmed by Jensen. If we read in between the lines it means they’ve likely already sucessfully merged a product with intel. Nvidia should never be underestimated with the resources they have at their disposal. Another market Nvidia will dominate and quickly take shares of.
3. Nvidia is an early investor in many of the upcoming giants of tomorrow like NBIS and CoreWeave. All those gains are net positives for Nvidia and only contribute to continued growth. NBIS for example has the most significant growth rates I’ve ever seen a company produce. 820percent revenue before Microsoft deal? That’s execution.
4. OpenAI isn’t a public company,Nvidia is now getting a slice of the most desired AI company that’s still operating privately. People don’t understand that now Nvidia will have access to all the data OpenAI has…
I could just go on for paragraphs about all the deals Nvidia is doing, about the acceleration of new products but one thing we forgot to mention is Nvidia Hasn’t Moved in Stock price despite having a forward PE of 31…..while the s@p average is currently 27. Why is that you ask? Because currently the market couldn’t give a sht about value.The needle won’t explode with a stock valued at 4.35trillion like oracle or Crypto.
Nvidia is an exceptional company that’s constantly preformed,evolved and is without a doubt the centre of AI and even still insane growth potential.
Stocks spend months in consolidation period Nvidia has definitely been doing that, simply a no brainer buy.
It’s an Undervalued stock considering it’s crop dusting any other of the mag 7.
I am an Nvidia Investor and I’ve added more today at 176.20 as I believe we’ll see a big rotation in Nvidia and several other chip stocks, I’ve averaged up from 91 to a current of 120 because I see this as a great opportunity for solid gains.
The moment 185 breaks is the moment I could see this hitting 210.