Quote:
Originally Posted by Buehler445
So you all are probably going to hate this, but I feel compelled to make a case for dumping NVDA.
First, the market cap of NVDA is more than the ENTIRE Chinese Stock Exchange.
https://finance.yahoo.com/news/nvidi...010315545.html
P/E Ratio
NVDA 66.28
Microsoft 36.86 (also pushed up by the AI)
Google 24.52 (probably the best shot at applicable AI)
Qualcomm 22.02
Texas Instruments 23.05
Some analyst I heard say in order to reach it's lofty valuation, it would have to get ANOTHER paradigm changing technology and dominate it like they did AI. No clue if that's right or not, but that's fairly horrifying.
I've done it with commodities, it's a lot easier to live with yourself if you give up some upside than if you ride it down. It does for me anyway.
If it were me, I'd dump it. |
Having lived through the dotcom bubble disaster, I'm wary of a stock crashing, and honestly I've never had a stock do as well as NVDA has these last three years, so it's unprecedented for me to consider.
TSLA came close on the upside. I was up 900+ percent on it for a while, and then it lost half its value. However, I didn't have a ton of it initially so I survived the downside and am still very happy.
But NVDA? I'm up over 1,000 percent on it now, and losing half of that would still be a great win, but it would sure hurt. I'm selling off tiny bits, and the nice thing is that I can sell off 10 percent of my stock now and all the rest will be profit.
I'm also scarred by selling all of my Dell stock in the early 1990s. I doubled my money and thought I was a genius, and the stock went up a hundredfold after I sold it. That hurt. So I have to keep a fair amount of NVDA on the chance that it does the same thing, and I think it's as likely to do that as fall 90 percent.
tl;dr. I've got enough profit that I'm selling a tiny bit to get my original money out and ensure that there'll never be a loss, but I'm too scarred by past FOMO to sell a lot of it.