That was our headline for a September 29, 2016 post. It continued:
The stock set new all time highs Tuesday, yesterday and again this morning.
$66.59 -0.19, last.
Here are a couple September 28 pieces from Investor's Business Daily:
Nvidia Debuts New AI Supercomputer Chip For Self-Driving Cars...
The autonomous vehicle market still hasn't taken-off, 7 1/2 years later.
But the research, design and manufacturing insights from that effort are what got us to this point.
And that $66.59 price was on the old stock. accounting for the 4:1 split it would be $16.65
Or going the other way, the current price $668.90 down $25.62 (-3.69%) on the day equates to $2,675.60. Either way it is a 40-fold increase. And from the time we started posting on the stock at $25, it's a hundred-bagger. Which is why I can't just come out and say "sell".
Exposing the embedded capital gains to the tax man (in taxable accounts) gets to be real money.
And if your stock is in a retirement or other non-taxable account: What the hell are you doing trading in an account where any losses have no value in offsetting gains. So what now?
The 2024 GTC AI conference. March 17 - 21.
300,000 people will attend live and online.
They don't usually make negative announcements at this Woodstock for chip geeks.
Here's another flashback:
In 2015 we started using a boilerplate intro to the company, here's a 2016 version saying "Focus on the AI/Machine Learning":
NVIDIA: Don't Buy the Stock For The Autonomous Car Stuff (or virtual reality) NVDA; TSLA; IBM
Yesterday the usually very reliable Investor's Business Daily headlined a story "Nvidia Upgraded On Growth In Car, Cloud, Virtual Reality Fields". As we say in our standard intro to the stock:
Before we go any further, our NVIDIA boilerplate:
We make very few calls on individual names on the blog but this one is special.
They are positioned to be the brains in autonomous vehicles, they will drive virtual reality should it ever catch on, the current businesses include gaming graphics, deep learning/artificial intelligence, and supercharging the world's fastest supercomputers including what will be the world's fastest at Oak Ridge next year.
Not just another pretty face.
Or food delivery app.
It worked out.
If interested see also February 6: "Nvidia Collapses (gives back half yesterday's gains) plus Isaac Newton and Daniel Defoe do a drive by (NVDA)"
The stock is down $11.87, so a little less than half yesterday's up-move. $681.45 last after trading as low as $663.00 (down $30.31 and almost the entire Monday $31.72 up-move.) Unfortunately there is a gap on the chart at $660 so it didn't completely fill. Nervous-making.
And February 20's "Nvidia Reactions To Earnings Reports Over The Past Year (NVDA)":
....If that is the case the gaps on the chart at $661 (Feb. 2 jump) and then $630 (Feb. 1) would be possible targets. The breakout was at $505.
